AIRCOA Hotel Partners L.P. announces second quarter results.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 14, 1995--AIRCOA Hotel Partners L.P. (AMEX AMEX See: American Stock Exchange :AHT AHT Animal Health Trust (Suffolk, England) AHT American Hairless Terrier (dog breed) AHT After Hours Trading AHT Animal Health Technician AHT Anchor Handling Tug ), a Denver-based master limited partnership engaged in ownership of hotels, announced financial results for the second quarter ended June 30, 1995. The partnership recognized net income of $474,000 for the second quarter of 1995, compared to net income of $744,000 in the second quarter of 1994, including depreciation and amortization for the respective periods of $1,003,000 and $989,000. The current year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. net loss of $16,000 compares to year-to-date net income of $851,000 for the first six months of 1994. This decrease was attributable to a decline in food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. margins as a result of changes in the food and beverage revenue mix and corresponding changes in expense. The decrease was also attributable to the decline in the leisure market rooms revenue. The net income and loss allocable al·lo·ca·ble adj. Capable of being allocated. Adj. 1. allocable - capable of being distributed allocatable, apportionable distributive - serving to distribute or allot or disperse to the Class A units in the second quarter and first half of 1995 was 3 cents and (11 cents), respectively, based on 5,340,214 weighted average units outstanding compared to net income of 7 cents and 4 cents in the same periods of 1994. Year-to-date operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. for the six months ended June 30, 1995, were $23,236,000, a decrease of $526,000, or 2.2% compared to operating revenues of $23,762,000 for the same period in 1994. Operating revenues for the second quarter of 1995 were $12,342,000 compared to $12,562,000 in the second quarter of 1994. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $2,386,000 for the first six months of 1995, representing a decrease of $682,000 compared to the first six months of 1994. Comparative operating statistics for the partnership's six properties for the six months ended June 30, 1995, vs. the first six months of 1994 are respectively as follows: Average Occupancy - 79.5% and 78.3%; Average Daily Room Rate - $59.89 and $61.48. CONTACT: AIRCOA Hotel Partners L.P., Englewood David C. Ridgley, 303/220-2000 |
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