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Stock Market & Financial Investment News

News Breaks
November 19, 2012
08:50 EDTCHH, LHO, PEB, HST, MARBarclays 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
Check below for free stories on CHH;LHO;PEB;HST;MAR the last two weeks.
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July 29, 2014
16:49 EDTMARMarriott sees FY14 EPS $2.40-$2.51, consensus $2.47
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16:47 EDTMARMarriott sees Q3 EPS 59c-63c, consensus 61c
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16:45 EDTMARMarriott reports Q2 adjusted EPS 71c, consensus 67c
Reports Q2 revenue $3.48B, consensus $3.53B. Reports Q2 North American comparable systemwide RevPAR rose 6.0% with average daily rates up 3.7%. On a constant dollar basis, worldwide comparable systemwide RevPAR rose 5.8% in Q2, including a 3.5% increase in average daily rate
15:53 EDTMARNotable companies reporting after market close
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July 24, 2014
16:26 EDTPEBPebblebrook Hotel sees FY14 FFO p/s $1.87-$1.93, consensus $1.90
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16:25 EDTPEBPebblebrook Hotel reports Q EPS 56c, consensus 54c
Reports Q2 revenue $147.5M, consensus $152.34M.
July 23, 2014
16:26 EDTLHOLaSalle Hotel sees narrows FY14 adjusted FFO view to $2.44-$2.54
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16:25 EDTLHOLaSalle Hotel reports Q2 adjusted FFO 82c, consensus 81c
Reports Q2 revenue $313.1M, consensus $305.87M. Reports Q2 room revenue per available room, or RevPAR, increased 10.3% to $207.94, as a result of a 6.6% increase in average daily rate to $241.08 and a 3.4% improvement in occupancy to 86.3%.
10:02 EDTHSTOn The Fly: Analyst Initiation Summary
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08:41 EDTLHOLaSalle Hotel initiated with a Buy at ISI Group
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08:41 EDTPEBPebblebrook Hotel initiated with a Neutral at ISI Group
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08:40 EDTHSTHost Hotels initiated with a Neutral at ISI Group
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July 17, 2014
16:30 EDTPEBPebblebrook Hotel acquires the Nines Hotel in Portland, Oregon for $127M
Pebblebrook Hotel has acquired The Nines Hotel for $127.0M, a 331-room luxury hotel located in downtown Portland, Oregon. The company acquired a fee simple condominium interest in The Nines Hotel. During the next 12 months, the Company currently forecasts that the hotel will generate EBITDA of $12.0M-$12.6M and net operating income after capital reserves of $10.4M-$11.0M. In conjunction with the acquisition, the company is assuming three secured, non-recourse loans totaling $50.7M, which are subject to a weighted average interest rate of 7.4%. Each of the loans matures on March 5, 2015. The company expects to invest $6.0M-$8.0M of capital to refresh the guestrooms and public areas, which it anticipates commencing in Q15. The company expects to incur approximately $0.8M of costs related to the acquisition of the hotel that will be expensed as incurred.

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