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Stock Market & Financial Investment News

News Breaks
January 17, 2013
08:32 EDTHST, MARHost Hotels sells Atlanta Marriott Marquis for $293M
Host Hotels & Resorts (HST) announced that on January 11 Host Hotels & Resorts, L.P. sold the 1,663-room Atlanta Marriott Marquis in Atlanta, GA for $293M. The hotel is subject to a long-term management agreement with Marriott International (MAR. The proceeds will be used to fund future acquisitions, pay down debt or for general corporate purposes.
News For HST;MAR From The Last 14 Days
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October 17, 2014
08:30 EDTMARLodging cycle is not broken, says Credit Suisse
Credit Suisse said the correction in the Lodging group has crated a buying opportunity in its best ideas, Marriott (MAR), Hilton (HLT) and La Quinta (LQ). The analyst said low supply growth, healthy corporate travel demand, and lower gasoline prices continue to support the lodging cycle.
October 16, 2014
10:01 EDTHSTOn The Fly: Analyst Upgrade Summary
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06:35 EDTHSTHost Hotels upgraded to Outperform from Market Perform at FBR Capital
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October 15, 2014
10:02 EDTHSTOn The Fly: Analyst Upgrade Summary
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05:38 EDTHSTHost Hotels upgraded to Overweight from Equal Weight at Barclays
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October 14, 2014
08:31 EDTHSTHost Hotels announces favorable decision in Texas Supreme Court
Host Hotels announced that on October 3, 2014 the company's litigation related to the San Antonio Marriott Rivercenter hotel ended in favor of the Company as the Texas Supreme Court denied the motion for rehearing from Keystone-Texas Holding Corp. On June 13, 2014, the Texas Supreme Court had overruled a lower court's $57.3M verdict against the Company for allegedly interfering with an effort to sell a San Antonio shopping mall and adjacent land underlying the San Antonio Marriott Rivercenter hotel. Now that the decision by the Texas Supreme Court is final, the company will reverse the $69M loss contingency previously recorded under GAAP. In addition, a court-ordered bond will be released and the Company will recoup its previously funded $25M escrow.
October 13, 2014
07:15 EDTMARNational Association of Corporate Directors to hold a conference
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October 10, 2014
08:15 EDTMARMarriott pullback a buying opportunity, says JPMorgan
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