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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:48 EDTCHH, IHG, WYN, HOT, MAR, HLT, HHotels rise after Hyatt results beat expectations
The shares of a number of hotel chains are climbing after one of the companies in the sector, Hyatt Hotels (H), reported significantly stronger than expected results. WHAT'S NEW: Hyatt's fourth quarter earnings per share, excluding some items, came in at 32c, versus analysts' consensus estimate of 20c. The company's revenue was slightly higher than expected. Its revenue per available room, or RevPAR, rose 6.2% versus the fourth quarter of 2012. "Looking ahead, we expect healthy occupancy levels in the U.S. to support increasing strength in room prices," said Hyatt CEO Mark Hoplamazian in a statement. WHAT'S NOTABLE: UBS upgraded Starwood (HOT) to Buy from Neutral in a note to investors earlier today, after the stock fell yesterday in response to the company's decision not to buy back any shares last quarter. The firm expects the company to be able to buy back shares going forward and it predicts that strength in North America, asset sales, and RevPAR gains in China will drive the stock higher. PRICE ACTION: In mid-morning trading, Hyatt jumped 5.6% to $52.35, Starwood advanced 2.6% to $77.34, InterContinental Hotels Group (IHG) advanced 1.6% to $33.50, and Marriott (MAR) gained 1% to $50.65. OTHERS TO WATCH: Other publicly traded companies in the space include Choice Hotels (CHH), Hilton Worldwide (HLT), and Wyndham (WYN).
News For H;HOT;IHG;HLT;WYN;CHH;MAR From The Last 14 Days
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May 22, 2015
08:57 EDTHLTHilton management to meet with JPMorgan
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May 21, 2015
14:46 EDTHHyatt invests in home-rental company onefinestay, WSJ says
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May 20, 2015
08:37 EDTHLT, H, HOTMorgan Stanley to hold a conference
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May 18, 2015
15:20 EDTHHyatt management to meet with JPMorgan
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May 15, 2015
10:55 EDTHOTJANA Partners gives quarterly update on stakes
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May 13, 2015
07:46 EDTHHyatt an 'overlooked and underappreciated' name, says JPMorgan
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May 12, 2015
16:11 EDTHOTStarwood closes sale of The Gritti Palace
Starwood Hotels & Resorts announced that it has closed on the sale of The Gritti Palace, Venice to Nozul Hotels & Resorts, the owner of W Doha Hotel, and a wholly owned subsidiary of “Jaidah Holdings” for approximately $117M. Starwood will continue to operate the hotel under The Luxury Collection brand flag under a new long-term management agreement.
09:19 EDTHOTStarwood signs long-term management agreement with 302 Pitt Operations
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08:01 EDTHOTStarwood says Sheraton brand to debut in Danang, Vietnam
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May 11, 2015
09:27 EDTHLTHilton 90M share Spot Secondary priced at $29.85
The deal range was $29.85-$29.95. Deutsche Bank, BofA/Merrill and Citigroup acted as joint book running managers for the offering.
08:41 EDTWYNWyndham launches new loyalty program, Wyndham Rewards
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08:13 EDTHLTHilton 90M share Spot Secondary, price range $29.85-$29.95
Hilton is offering 90M shares of common stock with a range of $29.85-$29.95 for affiliates of The Blackstone Group in a deal that is expected to price before the open. Deutsche Bank, BofA/Merrill and Citigroup are acting as joint book running managers for the offering.
06:17 EDTHLTHilton files to sell 90M shares of common stock for The Blackstone Group
Deutsche Bank Securities, BofA Merrill Lynch and Citigroup are serving as joint book-running managers for the offering.
06:16 EDTHLTHilton files 544.6M share automatic equity shelf for The Blackstone Group
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