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Stock Market & Financial Investment News

News Breaks
November 19, 2012
08:50 EDTCHH, PEB, MAR, LHO, HSTBarclays to host a field trip
Lodging Field Trip travels throughout Silver Spring and Bethesda, Maryland on November 19.
News For CHH;LHO;PEB;HST;MAR From The Last 14 Days
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December 19, 2014
10:25 EDTLHOLaSalle Hotel acquires The Heathman Hotel for $64.3M
LaSalle Hotel announced that it acquired The Heathman Hotel in Portland, Oregon for $64.3M. The company funded the acquisition with cash on hand. The asset has been well maintained, with $6.0M invested from 2008 to present. The company has underwritten approximately $3.0M of capital investment in 2017 for a soft goods renovation.
December 18, 2014
16:05 EDTPEBPebblebrook Hotel acquires the Revere Hotel Boston Common in Boston
Pebblebrook Hotel Trust announced that it has acquired the Revere Hotel Boston Common, an attached 826-space parking garage and an adjacent land parcel for $260.4M. The 356-room hotel is located in the heart of the historic Theater District of downtown Boston, Massachusetts. For the trailing twelve months ended November 2014, the Revere Hotel operated at 87% occupancy, with an average daily rate of $231 and room revenue per available room of $202. In 2015, the company currently forecasts that the hotel will generate earnings before interest, taxes, depreciation and amortization, EBITDA, of $18.0 to $18.5M and net operating income after capital reserves of $16.2 to $16.7M. The company expects to incur approximately $0.5Mof costs related to the acquisition of the hotel.
10:01 EDTMAROn The Fly: Analyst Initiation Summary
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06:34 EDTMARMarriott initiated with a Hold at Evercore ISI
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December 17, 2014
15:31 EDTCHHChoice Hotels raises dividend 5%, boosts share repurchase plan to 3M shares
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December 15, 2014
06:22 EDTMARMarriott price target raised to $88 from $76 at Citigroup
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December 11, 2014
09:01 EDTPEBPebblebrook Hotel acquires Union Station Hotel in Nashville for $52.3M
Pebblebrook Hotel Trust announced that it has acquired Union Station Hotel, Autograph Collection for $52.3M. The 125-room iconic historic landmark hotel is located on Broadway, in the center of downtown Nashville, Tennessee. The property will maintain its association with Marriott’s Autograph Collection and will be operated by Sage Hospitality.
December 9, 2014
08:57 EDTLHOLaSalle Hotel 7.6M share Spot Secondary priced at $40.30
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December 8, 2014
16:15 EDTLHOLaSalle Hotel files to sell 7.6M shares of common stock
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10:00 EDTLHOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
08:30 EDTLHOLaSalle Hotel upgraded at Morgan Stanley
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07:09 EDTMARStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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06:09 EDTLHOLaSalle Hotel upgraded to Overweight from Equal Weight at Morgan Stanley
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