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Stock Market & Financial Investment News

News Breaks
April 6, 2014
18:21 EDTWYN, HTPG led group agrees to invest in apartment-rental site Airbnb, WSJ says
A group led by private-equity firm TPG reached an agreement to invest in apartment-rental site Airbnb that values the starup at about $10B, says the Wall Street Journal. Airbnb lets homeowners rent space to travelers and may offer competition to large hotel chains like Wyndham Worldwide (WYN) and Hyatt Hotels (H), added the Wall Street Journal. Reference Link
News For WYN;H From The Last 14 Days
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March 31, 2015
17:11 EDTWYNWyndham Hotel Group to migrate central reservations to Sabre platform
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March 26, 2015
16:09 EDTWYNStarwood rises after FTC notice sparks takeover speculation
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15:56 EDTWYNStarwood could be worth $103/share in buyout, says SunTrust
SunTrust says the FTC's move to grant early termination notice on the potential Senator Global Opportunity Offshore Fund, Starwood deal could be driving some takeover speculation in the name. The firm sees Wyndham (WYN) as the most likely acquirer, and estimates that Starwood (HOT) could be worth $103 in a takeout scenario. SunTrust questions whether the speculation is "all smoke and no fire," however, and keeps a Neutral rating on the stock with an $85 price target.
07:31 EDTHHyatt Hotels enters into management contract for Andaz hotel in Palm Springs
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management contract with Rael Development Corporation for an Andaz hotel in Palm Springs, Calif. The hotel will join Andaz hotels currently located in top resort destinations including Wailea, Napa, and Peninsula Papagayo, as well as other world-class cities such as London, New York, Los Angeles, Shanghai, and Tokyo. Andaz Palm Springs is expected to open in late 2016.

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