DALLAS-Ashford Hospitality Trust and Felcor Lodging Trust issued their Q2 2013 earnings statements as follows.

Additional Q2 2013 highlights for Ashford Hospitality Trust:

• RevPAR increased 4.5% for all hotels in the Highland Hospitality portfolio, driven by a 4.7% increase in ADR.
• RevPAR increased 4.1% for the REIT's legacy hotels, including the eight Ashford Prime hotels, driven by a 3.8% increase in ADR and a 24 basis point increase in occupancy.
• RevPAR for all hotels, including Ashford Prime and the Highland Hospitality portfolio, increased 4.2% during the quarter.
• Adjusted EBITDA increased $10.4 million or 11%.
• Hotel EBITDA flow-through was 54% for all hotels, including the Highland Hospitality portfolio.
• Hotel operating profit for all hotels, including the Highland Hospitality portfolio, increased by $6.0 million, or 5.3%
• During the quarter, Ashford's Board of Directors approved a plan to spin-off an 80% ownership interest in an eight-hotel portfolio to holders of Ashford Trust common stock in the form of a taxable special distribution expected to be comprised of common stock in Ashford Hospitality Prime, Inc. ("Ashford Prime")

Additional Q2 2013 highlights from Felcor Lodging Trust

• Total revenue for comparable hotels (same-store hotels excluding eight recently rebranded Wyndham hotels) increased 6.3%.
• Adjusted EBITDA was $64.6 million.
• Two hotels were sold during the quarter. Entered into contracts to sell three hotels (one with a non-refundable deposit) and are negotiating to sell two others.
• RevPAR for our 37 comparable core hotels (45 core hotels excluding the eight Wyndham hotels) increased 5.7% compared to the same period in 2012, while RevPAR for 18 non-strategic hotels increased 5.2% compared to the same period in 2012.
• RevPAR for 55 comparable hotels (37 comparable core hotels plus 18 non-strategic hotels) was $116.12, a 5.7% increase compared to the same period in 2012. The increase reflects a 3.7% increase in ADR to $149.38 and a 1.9% increase in occupancy to 77.7%.
• RevPAR for 63 same-store hotels (55 comparable hotels plus the eight Wyndham hotels) was $114.72, a 2.1% increase compared to the same period in 2012. The increase reflects a 2.5% increase in ADR to $149.31 offset by a 30 basis point decrease in occupancy to 76.8%.