Hyatt Hotels Corporation reported its financial results, with a rise in in net income and EBITDA. Net income was Hyatt was $23 million, or $0.14 per share, during the third quarter of 2012 compared to net income attributable to Hyatt of $14 million, or $0.08 per share, in the third quarter of 2011, an increase of 64.3 percent. Adjusted for special items, net income attributable to Hyatt was $30 million, or $0.18 per share, during the third quarter of 2012 compared to net income attributable to Hyatt of $27 million, or $0.16 per share, during the third quarter of 2011. Adjusted EBITDA was $154 million in the third quarter of 2012 compared to $135 million in the third quarter of 2011, an increase of 14.1 percent.

During the quarter, adjusted EBITDA increased by over 14 percent as the company benefited from recent acquisitions of hotels in the U.S. and Mexico, as well as from the results of some of key owned hotels that were renovated last year. North American transient rate growth also benefited overall results.

Comparable owned and leased hotel RevPAR increased 4.6 percent (6.3 percent excluding the effect of currency) in the third quarter of 2012 compared to the third quarter of 2011. Owned and leased hotel operating margins increased 70 basis points in the third quarter of 2012 compared to the third quarter of 2011. Comparable owned and leased hotel operating margins increased 20 basis points in the third quarter of 2012 compared to the same period in 2011.

Comparable North American full service hotel RevPAR increased 4.2 percent in the third quarter of 2012 compared to the third quarter of 2011. Comparable North American select service hotel RevPAR increased 6 percent in the third quarter of 2012 compared to the third quarter of 2011. Comparable international hotel RevPAR increased 0.8 percent (5.2 percent excluding the effect of currency) in the third quarter of 2012 compared to the third quarter of 2011.

Revenues increased 7 percent in the third quarter of 2012 compared to the same period in 2011. Comparable hotel revenues increased 1.8 percent in the third quarter of 2012 compared to the same period in 2011.

During the third quarter, the company repurchased 911,244 shares of Class A common stock at an average price of $38.78 per share, for an aggregate purchase price of approximately $35 million.

“We have made significant progress since our IPO nearly three years ago,” said Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation. “We have materially increased earnings, expanded our presence in many key markets, improved guest satisfaction levels, gained market share at many of our properties, and strengthened engagement among our associates across our hotels.”

During the quarter, Hoplamazian said, adjusted EBITDA increased by over 14 percent as the company benefited from the recent acquisitions of hotels in the U.S. and Mexico, as well as from the results of some of some key owned hotels that Hyatt renovated last year. North American transient rate growth also benefited overall results.

“Looking ahead over the long term, we are well positioned for continued growth. We have strong brands, a high-quality owned real estate portfolio, and a large number of executed management or franchise contracts for future hotels,” said Hoplamazian. “In the short term, we are seeing some headwinds, including slower growth of near-term group booking activity in North America and lower revenue growth in a number of international markets due to individual market dynamics. We are confident in our ability to manage through potential economic and marketplace volatility and we continue to maintain margin and cost discipline.

Total segment Adjusted EBITDA increased 8.5 percent in the third quarter of 2012 compared to the same period in 2011. Owned and leased Adjusted EBITDA increased 15.5 percent in third quarter of 2012 compared to the same period in 2011. Owned and leased Adjusted EBITDA benefited from acquisitions and renovations completed in the third quarter of 2011. Pro rata share of unconsolidated hospitality ventures Adjusted EBITDA decreased 18.2 percent in the third quarter of 2012 as a result of the sale of two joint venture interests, negative foreign exchange and weaker performance in two international markets compared to the same period in 2011.

RevPAR for comparable owned and leased hotels increased 4.6 percent (6.3 percent excluding the effect of currency) in the third quarter of 2012 compared to the same period in 2011. Occupancy improved 40 basis points and ADR increased 4 percent (5.7 percent excluding the effect of currency) compared to the same period in 2011. RevPAR for comparable owned and leased hotels was negatively impacted by the timing of holidays in September as compared to the same period in 2011. In addition, specific market conditions negatively impacted several international owned hotels.

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