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News Breaks
07:25 EDTMAR
theflyonthewall.com: Marriott shuffles divisions, Ritz no longer a stand-alone, Washington Post says
As part of the Marriott International (MAR) reorganization, the luxury Ritz-Carlton hotel chain will cease to be a stand-alone division, the Washington Post reports. Company executives have said over the past few weeks that it was reorganizing into four units divided along geographic lines: the Americas, Europe, the Middle East and Asia, each with its own president and resources. Marriott's current divisions are U.S. and Canadian operations, global timeshare, international and Ritz-Carlton. Global timeshare will continue to be outside the four regional units. In a recent interview with Travel Weekly, Marriott President Arne Sorenson said the move was designed to decentralize the corporate structure and allow the regional presidents to "have the resources necessary to make decisions and so those decisions can be faster, more efficient, more local." "The number of jobs lost will not be very large," Sorenson told Travel Weekly. Reference Link :theflyonthewall.com



News For MAR From The Last 14 Days
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February 7, 2010
21:47 EDTMAR
theflyonthewall.com: Jim Cramer's "Mad Money"

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February 5, 2010
10:54 EDTMAR
theflyonthewall.com: Marriott February volatility at 44, March at 40 into EPS
Marriott is recently up 30c to $26.04. MAR is expected to announce Q4 EPS on February 11. February put option implied volatility is at 44, March is at 40; verses its 26-week average of 44, according to Track Data, suggesting less price movement after EPS. :theflyonthewall.com

February 4, 2010
16:50 EDTMAR
theflyonthewall.com: Marriott reinstates cash dividend

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10:06 EDTMAR
theflyonthewall.com: Starwood Hotels gains after better than expected results, upbeat comments
Starwood Hotels (HOT) reported Q4 EPS of 51c ex items, compared with analysts' consensus estimate of 22c and the company's guidance of 17c-21c. The hotel operator's EPS was ($1.03) including all items. The company's revenue was higher than expected. Starwood's worldwide REVPAR for same-store hotels sank 7.2% year-over-year. "We ended 2009 with the best REVPAR results we have seen since the third quarter of 2008, and our continued focus on costs allowed us to beat expectations again in the quarter," said Starwood CEO Frits van Paaschen. "Lodging demand continued to improve in the fourth quarter, with group and business transient posting positive bookings. After being buffeted by headwinds throughout 2009, our portfolio is set to begin a rebound in 2010 from a deep drop-off," the CEO added. In a note to investors published yesterday by theflyonthewall.com, a Wedbush analyst had predicted that Starwood's Q4 EPS would surpass the company's guidance. In early trading, Starwood gained $2.41, or 6.80%, to $37.83. A number of other lodging stocks rose slightly, with Marriott (MAR) adding 0.72% to $26.70 and Hyatt (H) rising 1.25% to $29.87. :theflyonthewall.com

February 3, 2010
13:43 EDTMAR
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