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Stock Market & Financial Investment News

News Breaks
June 18, 2014
07:31 EDTMAR, H, HOTJPMorgan sees further upside to lodging stocks
JPMorgan believes the positive RevPAR growth cycle in the lodging space has further room to run as do the stocks in the sector. The firm raised its price target for Marriott (MAR) shares to $70 from $65, for Starwood (HOT) to $87 from $85 and for Hyatt Hotels (H) to $66 from $63. JPMorgan keeps Overweight ratings on all three names.
News For MAR;HOT;H From The Last 14 Days
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September 18, 2014
17:29 EDTHHyatt Hotels announces sale of 38 select service hotels for $590M
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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 11, 2014
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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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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