Hyatt Announces 3-Yr Plan To Sell $1.5 Bln Of Real Estate Holdings - Quick Facts

(RTTNews) - Hyatt Hotels Corp. (H) announced, looking ahead, the company plans to extend its strategy to sell roughly $1.5 billion of real estate over the next three years. The company also increased the midpoint of its full-year outlook for RevPAR and adjusted EBITDA.

For 2017, comparable systemwide RevPAR is expected to increase approximately 2.5% to 3%, compared to fiscal year 2016. The company's previous expectation was 1% to 3%. Net income is expected to be approximately $193 million to $210 million, compared to the previous expectation of $173 million to $201 million. Adjusted EBITDA is expected to be approximately $805 million to $815 million, compared to the previous expectation of $795 million to $815 million.

Third-quarter comparable systemwide RevPAR increased 1.6%. Adjusted EBITDA decreased 6.2% to $180 million.