HotelNewsNow.com recaps the performances of hotel-related stocks as they are announced during each quarter. Following are the updates for Accor, Ashford Hospitality Trust, Felcor Lodging Trust, Great Wolf Resorts, Harrah’s Entertainment, Hersha Hospitality Trust, Hospitality Properties Trust, Hyatt Corporation, Lodgian, MHI Hospitality Corporation, Morgans Hotel Group, Orient-Express, Strategic Hotels & Resorts, Sunstone Hotel Investors and Wynn Resorts Limited.

Accor

Accor (EPA: AC) of Paris has provided more of the details surrounding the proposed demerger of its hotels and prepaid services divisions.
Accor said it plans to create a new company for the services portion of its business that will be listed on the NYSE-Euronext Paris stock exchange along with the hotels business. The company also said it has allocated US$1.2 billion in net debt to the hotels side and US$0.4 billion of net debt to services.

For more information, read “Accor provides more details of demerger.”

Accor also released its 2009 earnings report. The company said it suffered a net loss of €282 million (US$382.8 million), compared to a 2008 gain of €575 million (US$780.5 million). Revenue declined by 8.5 percent to €7.1 billion (US$9.6 billion) from €7.7 billion (US$10.5 billion) in 2008.

The company said the net loss was attributable to €387 million (US$525.4 million) in impairment losses and €127 million (US$172.4 million) in restructuring costs.

For more information, read “Accor reports 2009 earnings.”

Ashford Hospitality Trust

Ashford Hospitality Trust (NYSE: AHT) of Dallas said revenue per available room declined by 13.5 percent during the fourth quarter ended 31 December to US$78.52 from US$90.76. Average daily rate also fell by 10.6 percent to US$124.26.

Net loss available to common shareholders fell by 43.1 percent to US$76.9 million, or US$1.30 per share, from US$135.1 million, or US$1.34 per share, a year earlier. For the full-year 2009, the net loss was US$269.6 million, compared to income of US$102.6 million in 2008.

Felcor Lodging Trust

Felcor Lodging Trust (NYSE: FCH) said RevPAR for its 83 consolidated hotels fell by 10.9 percent to US$75.01 during the fourth quarter ended 31 December. Irving, Texas-based Felcor also said ADR decreased by 10.4 percent to US$118.59.

Net loss attributable to common shareholders was US$60.4 million, or US$0.96 per share, compared to a net loss of US$98.1 million, or US$1.57, during the prior year period. For the full-year 2009, the net loss was US$146.8 million, or US$2.33 per share, compared to a loss of US$158 million, or US$2.57 a share, a year earlier.

For 2010, Felcor said it expects RevPAR to decrease by between 1 percent and 5 percent, and for the company’s net loss to between US$157 million and US$169 million.

For more information, read “Felcor: RevPAR, ADR fall in Q4.”

Great Wolf Resorts

Madison, Wisconsin-based Great Wolf Resorts (NASDAQ: WOLF) said its fourth-quarter ADR increased slightly by 0.4 percent to US$240.58 from US$239.65.  But RevPAR declined 3.4 percent to US$180.75 from US$181.64 during the prior period.

The company’s net loss for the quarter ended 31 December totaled US$11.7 million, up from a loss of US$36.5 million. For the year, the net loss was US$53.2 million, down from a loss of US$40.7 million. The company expects its net loss for 2010 to be between US$32.6 million and US$37.6 million.

Harrah’s Entertainment

Harrah’s Entertainment of Las Vegas said its loss from continuing operations, net of tax, increased to US$298.3 million from a loss of US$4.8 billion during the year-earlier period. The losses from 2008 were primarily attributable to impairment charges related to goodwill and other non-amortizing intangible assets.

For the year, income from continuing operations, net of tax, totaled US$846.4 million, up from a loss of US$5.2 billion.

Net revenues fell by 7.9 percent during the fourth quarter to US$2.1 billion from US$2.3 billion during the prior year’s fourth quarter. Furthermore, the company’s property earnings before interest, taxes, depreciation and amortization fell to US$418.6 million from US$453.6 million, a decline of 7.7 percent. Property EBITDA does not include the pro forma effect of yet-to-be-realized cost savings from the company’s profitability program.

Hersha Hospitality Trust

Philadelphia-based Hersha Hospitality Trust (NYSE: HT) said its net loss narrowed to US$11 million from US$21 million during the fourth quarter ended 31 December, thanks in part to cost control.

Same-store RevPAR declined by 12.6 percent to US$78.6 million. For 2010, the company expects same-store RevPAR to range from a decline of 2 percent to a gain of 1 percent.