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Stock Market & Financial Investment News

News Breaks
April 25, 2013
06:44 EDTRLH, HST, HOT, H, WYN, MARHotel owners fear sequester effects, The Hill says
Hundreds of hotel owners who fear that flight delays caused by the sequester could cripple their businesses this summer lobbied Congress on the issue yesterday, according to The Hill. Reference Link
News For MAR;H;HST;WYN;HOT;RLH From The Last 14 Days
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March 6, 2015
09:10 EDTWYNWyndham management to meet with JPMorgan
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07:21 EDTH, WYNJPMorgan to hold a conference
Gaming, Lodging, Restaurant & Leisure Management Access Forum is being held in Las Vegas on March 5-6 with webcasted company presentations to begin on March 6 at 11:45; not all company presentations may be webcasted. Webcast Link
06:34 EDTHSTHost Hotels downgraded to Sell from Neutral at Goldman
Goldman downgraded Host Hotels to Sell and lowered its price target to $18 from $23.50. The firm downgraded shares due to growing lodging supply in major cities, a disruptive 2015 renovation schedule, negative FX headwinds, and below par major markets growth.
March 5, 2015
07:23 EDTMAR, HOTJPMorgan to hold a forum
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March 4, 2015
08:10 EDTHOTStarwood's Sheraton Hotels anticipates another strong year of growth
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March 3, 2015
10:01 EDTHOT, MAROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bacterin (BONE) initiated with a Buy at H.C. Wainwright... Cognizant (CTSH) initiated with a Buy at Argus... Comerica (CMA) initiated with a Neutral at UBS... Delphi Automotive (DLPH) initiated with a Neutral at Northcoast... Dunkin' Brands (DNKN) initiated with a Neutral at UBS... Easterly Government Properties (DEA) initiated with an Outperform at RBC Capital... Fifth Third (FITB) initiated with a Buy at UBS... Hilton (HLT) initiated with an Outperform at RBC Capital... KeyCorp (KEY) initiated with a Neutral at UBS... Ligand (LGND) initiated with a Buy at CRT Capital... M&T Bank (MTB) initiated with a Neutral at UBS... MPLX (MPLX) initiated with a Hold at Evercore ISI... Marriott (MAR) initiated with an Outperform at RBC Capital... Nexvet Biopharma (NVET) initiated with an Outperform at JMP Securities... Regions Financial (RF) initiated with a Neutral at UBS... Shell Midstream (SHLX) initiated with a Buy at Evercore ISI... Starwood (HOT) initiated with a Sector Perform at RBC Capital... Sunoco Logistics (SXL) initiated with a Hold at Evercore ISI... Syneron Medical (ELOS) initiated with a Buy at Brean Capital... Tesoro Logistics (TLLP) initiated with a Buy at Evercore ISI... Valero Energy Partners (VLP) initiated with a Buy at Evercore ISI... Vista Outdoor (VSTO) initiated with a Buy at CRT Capital... Zions Bancorp (ZION) initiated with a Sell at UBS.
06:26 EDTMARMarriott initiated with an Outperform at RBC Capital
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06:26 EDTHOTStarwood initiated with a Sector Perform at RBC Capital
Target $84.
March 2, 2015
07:32 EDTHCitigroup to hold a conference
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05:49 EDTHOTStarwood expects to grow portfolio by more than 40 new hotels across Europe
Starwood announced it is on track to open more than 40 new hotels and resorts across Europe in the next five years, expanding its portfolio by almost 30% with openings in both fast-growing and established markets. Further underlining its long-term growth strategy, Starwood is set to open five new hotels in Turkey this year, including The St. Regis Istanbul which just opened on March 1. In 2014 Starwood experienced a record year of deal signings in Europe with almost 60% more signed deals than in the previous year, largely driven by conversion deals. Starwood continues to see increased interest from owners looking to maximize the value of their assets quickly, with many conversion opportunities amidst growing demand coming from the UK, Germany, France and Southern Europe. The pace of franchise deal signings is expected to continue through 2020 with developers seeing the added value Starwood’s brands deliver to their real estate strategies, particularly in mature markets such as the UK, Germany and France. In Europe, the company’s mid-market portfolio is poised to exceed 50% of Starwood’s development pipeline with more than 15 new hotel openings expected across the three brands by the end of 2017. Aloft will more than double its portfolio in Europe with hotels opening in St. Petersburg and London over the next two years, in addition to two hotels in Germany, opening this summer. Four Points by Sheraton, Starwood’s fastest growing brand will also expand in emerging markets with eight openings planned in Turkey and Russia by 2017. The eco-centric Element brand, introduced to Europe with the opening of Element Frankfurt Airport Hotel last year, will debut in Amsterdam before year-end, and become part of an Aloft and Element dual-hotel development in the historic Tobacco Dock section of East London in 2017.
February 26, 2015
08:20 EDTMARAshford Hospitality completes acquisition of Marriott Memphis East for $43.5M
Ashford Hospitality (AHT) has completed the previously-announced acquisition of the 232-room Marriott (MAR) Memphis East hotel for total consideration of $43.5M in cash, or $187,500 per key. The company intends to finance the property with approximately $33.3M of non-recourse mortgage debt. On a forward 12-month basis, the purchase price represents an estimated cap rate of 8.6% on net operating income and an estimated 10.3x forward EBITDA multiple. The Marriott Memphis East is in excellent physical condition with virtually no capex needs as the hotel recently completed an extensive renovation.
February 25, 2015
13:42 EDTMARMarriott price target raised to $96 from $86 at Argus
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09:04 EDTRLHRed Lion signs franchise pact for new location in Northern California
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05:12 EDTHOTStarwood and Uber announce global partnership
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February 24, 2015
11:19 EDTHOTStarwood announces debut of Aloft and Element brands in Dubai in 2018
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February 20, 2015
10:01 EDTHSTOn The Fly: Analyst Downgrade Summary
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06:04 EDTHSTHost Hotels downgraded to Hold from Buy at Stifel
Stifel downgraded Host Hotels to Hold following the Q4 report citing lackluster guidance.

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