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Briefs: Hyatt Q4 data | Hersha’s new funding

Hyatt Q4 losses worse than expected: Hyatt Hotels Corp. reported Q4 2020 adjusted loss per share of US$1.77, much wider than the expected loss per share of US$1.38. Comparable systemwide RevPAR was down 68.9% year over year, while company owned and leased RevPAR was off 81.8%. Hyatt reported 4Q20 Adjusted EBITDA of (US$98M) versus consensus of (US$49M). There was no guidance. It said about half of the Adjusted EBITDA decline relates to “costs incurred on behalf of our managed and franchised properties that we do not intend to recover from hotel owners.” U.S. occupancy up slightly: U.S. hotel occupancy increased…
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