Hyatt Hotels says China business stabilizing Says continues to evaluate opportunities in China. Says this year is a very "active" year for the company and says its too early to discuss a future liquidity event. The company said it does not expect to be consolidating the New York Park Hyatt Hotel in FY14 results. Says remain focused at opening that hotel by the end of the year. Says continues to look at hotel disposition activities. Comments made during the company's Q4 earnings conference call.
Hyatt Hotels reports Q4 adjusted EPS 31c, consensus 22c Reports Q4 revenue $1.08B, consensus $1.14B. Comparable owned and leased hotels RevPAR increased 1.9%, or 3.4% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013. Comparable owned and leased hotels operating margins decreased 50 basis points in Q4 compared to the same period in 2013. Comparable systemwide RevPAR increased 3.1%, or 5.1% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013.