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February 14, 2014
10:48 EDTH, HOT, IHG, HLT, WYN, CHH, MARHotels 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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September 18, 2014
07:32 EDTWYNMKM Partners to hold a conference
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September 16, 2014
16:33 EDTHOTStarwood continues to expand Latin American portfolio
From the South American Hotel Investment Conference in Quito, Starwood Hotels & Resorts Worldwide announced that it is continuing its aggressive growth strategy in Latin America with significant gains across its Specialty Select Brandsí, Four Points by Sheraton and Aloft. Currently, Starwood operates 80 hotels in the region, with 17 additional properties under development. The company also announced the appointment of Victor Vazquez to the role of Vice President, Development and Acquisitions for Latin America.
09:17 EDTHOTStarwood says Aloft brand to debut in El Paso, Texas
Starwood Hotels & Resorts Worldwide announced plans for its leading-edge Aloft brand to debut in El Paso, Texas. Owned by Bassett Partners EP and managed by Aimbridge Hospitality, Aloft El Paso Downtown is scheduled to open in July 2016, featuring 100 rooms.
September 12, 2014
09:07 EDTWYNWyndham signs deal for first resort in Costa Rica
Wyndham announced the signing of a franchise agreement for the first resort in Costa Rica to fly the upscale Wyndham Hotels and Resorts brand flag, the Wyndham Papagayo Yu Resort in Guanacaste. The 151-room property, owned by ASECCSS, is currently under development in one of the most popular vacation destinations in Latin America and is scheduled to open by the end of 2015. It will be a mixed-use resort affiliated with RCI, the worldwide leader in vacation exchange and part of Wyndham Hotel Group's sister company, Wyndham Exchange & Rentals.
September 11, 2014
09:55 EDTWYNWyndham management to meet with FBR Capital
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09:02 EDTWYNWyndham acheives substantial reduction in water, carbon footprint in 2013
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08:46 EDTHOTStarwood plans Las Alcobas luxury hotel debut
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07:39 EDTMARMarriott price target raised to $82 friom $71 at JMP Securities
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06:44 EDTHLTHilton files to sell 90M in common stock for holders
Deutsche Bank, Goldman, BofA/Merrill, and Morgan Stanley are acting as joint book-running managers for the offering.
September 9, 2014
07:41 EDTMARMarriott price target raised to $77-$79 from $69-$71 at Wells Fargo
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07:24 EDTMARMarriott outlook upbeat, says Stifel
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07:21 EDTMARMarriott price target raised to $80 from $74 at Credit Suisse
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07:02 EDTHCoach names Gebhard Rainer as president and COO, effective September 29
Coach (COH) announced the appointment of Gebhard Rainer, as President and COO, effective September 29. Rainer joins Coach from Hyatt Hotels Corporation (H), where he most recently held the position of Executive Vice President and CFO. Rainer is filling a position that has been vacant since September 2013.
September 8, 2014
16:57 EDTHHyatt Hotels CFO Rainer to step down, effective September 26
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10:21 EDTMARMarriott sees 6% RevPAR growth in 2014 at midpoint, 4%-6% growth thereafter
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09:18 EDTMARMarriott says to add 1,300 hotels globally from 2014-2017
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09:11 EDTMARMarriott sees FY17 EPS $4.00-$4.60
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07:40 EDTMARMarriott CEO says demand good for U.S. hotels
07:40 EDTMARMarriott volatility low as shares trend to record high into analyst meeting
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06:03 EDTMARMarriott to host analyst meeting
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