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Hyatt Hotels Q2 net income increases 10.6% YOY

Hyatt Hotels Corp. disclosed second-quarter net income attributable to the company of $86 million, or 80 cents per share, compared to $77 million, or 66 cents per share, in the second quarter of 2018.

Adjusted net income attributable to the company for the quarter totaled $82 million, or 76 cents per share, compared to $84 million, or 72 cents per share, in the year-ago period.

Hyatt said it expects net income for 2019 in the range of roughly $231 million to $275 million, compared to a previous range of $144 million to $183 million.

The company said it sold the property adjacent to Grand Hyatt San Francisco and assigned the related Apple store lease to an unrelated third party for a sale price of about $120 million.