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Stock Market & Financial Investment News

News Breaks
April 25, 2013
15:34 EDTHOT, CHSPChesapeake Lodging acquires W New Orleans from Starwood Hotels
Chesapeake Lodging Trust (CHSP) announced that it has purchased the 410-room W New Orleans from Starwood Hotels & Resorts Worldwide (HOT) for $65.0M. The Trust will renovate the property and continue to work with Starwood on a long-term basis.
News For CHSP;HOT From The Last 14 Days
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March 30, 2015
10:46 EDTHOTOptions with increasing implied volatility
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March 27, 2015
10:31 EDTHOTOptions with increasing implied volatility
Options with increasing implied volatility: ZU ARWR HLSS CREE BMRN SWKS IOC CMG INFN HOT
March 26, 2015
16:09 EDTHOTStarwood rises after FTC notice sparks takeover speculation
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15:56 EDTHOTStarwood could be worth $103/share in buyout, says SunTrust
SunTrust says the FTC's move to grant early termination notice on the potential Senator Global Opportunity Offshore Fund, Starwood deal could be driving some takeover speculation in the name. The firm sees Wyndham (WYN) as the most likely acquirer, and estimates that Starwood (HOT) could be worth $103 in a takeout scenario. SunTrust questions whether the speculation is "all smoke and no fire," however, and keeps a Neutral rating on the stock with an $85 price target.
15:33 EDTHOTStarwood April calls active
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10:56 EDTHOTOptions with increasing implied volatility
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March 25, 2015
14:11 EDTHOTSunTrust downgrades hotel stocks citing macro trends, weak bookings
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10:00 EDTHOTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Reduce from Overweight at HSBC... BreitBurn Energy (BBEP) downgraded to Sell from Neutral at UBS... DiamondRock (DRH) downgraded to Reduce from Neutral at SunTrust... Ethan Allen (ETH) downgraded to Hold from Buy at Gabelli... Felcor Lodging (FCH) downgraded to Neutral from Buy at SunTrust... Finish Line (FINL) downgraded to Neutral from Buy at B. Riley... Hannover Re (HVRRY) downgraded to Sell from Hold at Deutsche Bank... Hersha Hospitality (HT) downgraded to Reduce from Neutral at SunTrust... Host Hotels (HST) downgraded to Reduce from Neutral at SunTrust... ING Groep (ING) downgraded to Neutral from Buy at Goldman... Informatica (INFA) downgraded to Neutral from Buy at Mizuho... Kofax (KFX) downgraded to Hold from Buy at Canaccord... LRR Energy (LRE) downgraded to Sell from Neutral at UBS... LaSalle Hotel (LHO) downgraded to Reduce from Neutral at SunTrust... Munich Re (MURGY) downgraded to Sell from Hold at Deutsche Bank... Orbital ATK (OA) downgraded to Market Perform from Outperform at Wells Fargo... PCTEL, Inc. (PCTI) downgraded to Neutral from Buy at B. Riley... Quest Diagnostics (DGX) downgraded to Hold from Buy at Deutsche Bank... SJW Corp. (SJW) downgraded to Neutral from Outperform at RW Baird... Selective Insurance (SIGI) downgraded to Neutral from Buy at BofA/Merrill... Sonus (SONS) downgraded to Hold from Buy at Wunderlich... Starwood (HOT) downgraded to Neutral from Buy at SunTrust... Synchrony Financial (SYF) downgraded to Neutral from Buy at BofA/Merrill... Tesla (TSLA) downgraded to Underperform from Outperform at CLSA... Twitter (TWTR) downgraded to Hold from Buy at Pivotal Research... ZAGG (ZAGG) downgraded to Market Perform from Outperform at Northland... iDreamSky (DSKY) downgraded to Neutral from Overweight at JPMorgan.
07:04 EDTHOTStarwood downgraded to Neutral from Buy at SunTrust
SunTrust's industry checks indicate significant weakness in forward bookings due to FX impact on international tourism, lower oil prices, and increased supply. The firm said companies with the most exposure to New York City, Los Angeles, Hawaii, Miami, Seattle, and Houston have the most risk. Additionally, SunTrust said Q2-Q3 U.S. Upper Upscale RevPAR tracking is only tracking to the low-end of the +4-6% range. Due to valuation and higher exposure to luxury and upper-upscale segment, SunTrust downgraded Starwood to Neutral and maintained its $85 price target.
March 24, 2015
07:44 EDTCHSPChesapeake Lodging 4M share Spot Secondary priced at $34.00
The deal size was increased to 4M shares from 3M shares and priced between the $33.85-$34.14 range. JPMorgan and Deutsche Bank acted as joint book running managers for the offering.
March 23, 2015
19:13 EDTCHSPOn The Fly: After Hours Movers
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16:07 EDTCHSPChesapeake Lodging Trust files to sell 3M shares of common stock
The Trust intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility. J.P. Morgan and Deutsche Bank Securities are acting as joint book-running managers for the offering.
March 19, 2015
09:01 EDTHOTStarwood announces agreements with GH Pegasus, Hoteles Real Chihuahua
Starwood Hotels & Resorts Worldwide announced an agreement with GH Pegasus to open Aloft Tijuana, Aloft Coatzacoalcos and Aloft Poza Rica by the end of 2017, and an agreement with Hoteles Real Chihuahua to unveil the Sheraton Chihuahua Soberano Hotel, a strategic conversion, by November 2015. With these new signings, Starwood will further strengthen its footprint across Latin America and Caribbean while significantly bolstering its presence in Mexico, the largest market for the company in the region. Aloft Tijuana, Aloft Coatzacoalcos and Aloft Poza Rica will be operated by Grupo Presidente under franchise agreements. With the opening of Sheraton Chihuahua Soberano Hotel, Starwood will increase its Sheraton footprint to six hotels in the country, and to 37 in the region.
March 18, 2015
16:31 EDTCHSPChesapeake Lodging names D. Rick Adams as COO
Chesapeake Lodging Trust announced the promotion of D. Rick Adams to Executive Vice President and COO. Adams joined the Trust in 2009 as its Senior Vice President and Chief Investment Officer and was subsequently promoted to Executive Vice President and Chief Investment Officer.

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