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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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December 18, 2014
16:44 EDTRLHRed Lion Hotels signs franchise agreement in Cincinnati
RLHC-Red Lion Hotels Corporation-announced the company will open its first location in Ohio following the signing this week of a franchise agreement for a Red Lion Hotel in Cincinnati. "We want a brand that is well known, has differentiating characteristics, and proven ability to help us capture fair market share in a competitive marketplace," said Kumar Vemulapalli of Durga, LLC., regional developer and owner of the hotel. "In our view, Red Lion is the obvious choice.""Cincinnati is a thriving city and one of the top 30 U.S. urban markets," said RLHC Chief Franchise Officer Brian Quinn. "This hotel has it all with convention meeting space and multiple meeting and sports facilities nearby. It will resonate well with our group business and teams. The hotel will be a great addition to our network, having just opened two new locations in the greater Seattle area and one at the Detroit Airport."
10:51 EDTHOTStarwood has $100M claim against Cuba, says Wells Fargo
Wells Fargo notes the Foreign Claim Settlement Commission certified in 2005 a claim for Starwood (HOT) against Cuba in the amount of $51.1M plus interest, implying a market value today of over $100M. Starwood has 500-plus acres of land around Havana that was seized in 2003. InterContinental (IHG) holds a certified $2.6M claim from 1959-1961, which equates to about $60M today, Wells adds. The firm does not expect the claims will be collected, but notes that if the embargo on Cuba is one day lifted, it's possible they could be traded for concessions or development entitlements.
10:01 EDTHOT, MAROn The Fly: Analyst Initiation Summary
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06:34 EDTHHyatt Hotels initiated with a Buy at Evercore ISI
Target $66.
06:34 EDTHOTStarwood initiated with a Buy at Evercore ISI
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06:34 EDTMARMarriott initiated with a Hold at Evercore ISI
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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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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.
09:06 EDTRLHRed Lion Hotels signs franchise in CO, opens new franchise at Detroit Airport
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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 EDTMAR, HOTStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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