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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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December 16, 2014
17:28 EDTHHyatt Hotels to relocate global headquarters to Chicago’s West Loop neighborhood
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07:13 EDTIHGInterContinental agrees to acquire Kimpton Hotels & Restaurants for $430M
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December 15, 2014
09:19 EDTHOTStarwood signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton
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06:22 EDTMARMarriott price target raised to $88 from $76 at Citigroup
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December 11, 2014
19:16 EDTHHyatt Hotels increases share repurchase authorization by $400M
Hyatt Hotels Corporation announced that the company's board authorized the repurchase of up to an additional $400M of the company's common stock. As of December 11, the company had approximately $465M available under its share repurchase authorization, including the $400M authorized on December 11.
December 10, 2014
09:27 EDTWYNWyndham management to meet with JMP Securities
Meeting to be held in San Francisco on December 12 hosted by JMP Securities.
December 9, 2014
08:18 EDTHOTStarwood to debut first Luxury Collection hotel in Japan
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08:06 EDTWYNWyndham Hotel Group enters strategic technology partnership with Sabre
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05:11 EDTHHyatt enters franchise agreement to open Hyatt Regency Naha, Okinawa
Hyatt Hotels announced that a Hyatt affiliate has entered into a franchise agreement with PHR Okinawa Hotel Management, a subsidiary of Ken Corporation, for a Hyatt Regency hotel in Naha, Okinawa. Expected to open in late 2015, Hyatt Regency Naha, Okinawa will mark the first Hyatt-branded hotel on the island of Okinawa, Japan.
December 8, 2014
07:09 EDTHOT, MARStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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December 5, 2014
10:00 EDTMARMarriott management to meet with JPMorgan
Meeting to be held in New York on December 9 hosted by JPMorgan.
December 4, 2014
07:21 EDTHOTStarwood management to meet with Deutsche Bank
Meeting to be held on New York on December 4 hosted by Deutsche Bank.

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