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ORLANDO-CNL Hotels & Resorts Inc. ended 2005 with positive numbers in all of its balance sheet columns, the company reports. The locally based company calls itself the second largest hotel real estate investment trust in the US with 94 properties and $6 billion in total assets.

Total revenue increased 11.1% to $349 million for the fourth quarter of 2005 and 27% to $1.3 billion for the company's fiscal year ended Dec. 31, 2005. Revenue per available room rose 8.3% to $137.65. Average occupancy was up 2.9% to 71%. Net income increased 107.9% to $6.9 million for the year. Adjusted EBITDA was up 28.1% to $345.6 million.

John A Griswold, president and chief operating officer for CNL Hotels & Resorts, attributes the "solid RevPAR and profit margin gains" in the fourth quarter to "a favorable room-rate environment, robust group travel and our ability to influence cost containment efforts by our third-party management companies."