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News Breaks
11:06 EDTHST
theflyonthewall.com: Host Hotels says expects to see deal flow improve in 2010
On the Q3 earnings conference call, Host Hotels & Resorts (HST) president and CEO W. Edward Walter said the company is seeing some favorable trends beginning to develop despite overall weak demand compared to pre-downturn levels. He said that in the last few weeks, the company has been seeing transient room nights run ahead of last year's case in Q4 despite the expected decline in leisure-related trends, which suggests that corporate demand may be beginning to stabilize. While Host's group business does continue to be impacted by the weak economy, Walter, who said his visibility remains limited, said there are some indications that this aspect of the business was beginning to stabilize. Looking ahead, Walter said its transient demand is improving and expects the first signs of better results will ultimately be driven by that segment. Host expects that it will need to see a meaningful improvement in occupancy before it sees pricing strength and said it expects to see deal flow improve in 2010. :theflyonthewall.com



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February 3, 2010
13:43 EDTHST
theflyonthewall.com: Starwood, Marriott, and Host Hotels should beat guidance, says Wedbush
Wedbush believes that the Q4 EPS of Starwood (HOT), Marriott (MAR), and Host Hotels (HST) will surpass the high end of their guidance. The firm expects the companies to reiterate 2010 REVPar guidance. The firm believes the stocks are showing signs of fatigue, and it maintains an Outperform rating on Starwood, a Neutral rating on Marriott, and an Underperform rating on Host Hotels. :theflyonthewall.com