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Stock Market & Financial Investment News

News Breaks
November 17, 2012
15:31 EDTMAR, WYN, HOTWyndham shares can rise another 20%, Barron's says
Shares of Wyndham (WYN) could rise another 20% as the company's profits grow and it continues to aggressively buy back shares, Barron's says. The stock trades at a lower multiple to peers Marriott (MAR) and Starwood Hotels (HOT), the paper adds. Reference Link
News For WYN;MAR;HOT From The Last 14 Days
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March 2, 2015
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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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 19, 2015
13:02 EDTMARMarriott files automatic mixed securities shelf
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10:31 EDTMARMarriott sells Miami Beach EDITION for $230M in cash proceeds
Marriott announced it has sold The Miami Beach EDITION hotel for cash proceeds of $230M. The sale is the second in a series of three anticipated sales of Marriott-owned EDITION hotels to companies ultimately owned by the Abu Dhabi Investment Authority. The agreement with ADIA for the sale of these three EDITION hotels was announced when the first, The London EDITION, was sold to ADIA in January 2014. Marriott expects to sell the third, The New York EDITION to ADIA in the first quarter of 2015. Marriott noted that it retains the long-term management agreement for the hotel.
10:27 EDTMARMarriott says 'bullish' about demand trends in North America
Says "very optimistic" about long-term. Sees Q1 group revenue pace for company operated full service hotels up 6%, FY group pace up 5%. Sees special corporate room rates from continuing accounts up 5%-6% in 2015. Says "bullish" about demand trends in North America. Says strong dollar may discourage international travel, but doesn't see this as significant headwind to North America operations. Says Brazil trends likely to remain weak, but "bullish" about long-term growth potential. Sees FY15 fee revenue up 9%-11%, incentive fees up in a low double digit rate. Expects fee revenue to be constrained by unfavorable forex. Sees total fee revenue reduced by forex by $15M-$20M in FY15. Sees cash returned to shareholders in 2015 at least as much as 2014. Sees Q1 fee revenue up at mid teens rate. Comments made on the Q4 earnings conference call.
09:12 EDTMAROn The Fly: Pre-market Movers
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February 18, 2015
18:55 EDTMAROn The Fly: After Hours Movers
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16:36 EDTMARMarriott sees FY15 EPS $3.00-$3.12, consensus $3.03
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16:34 EDTMARMarriott sees Q1 EPS 68c-72c, consensus 66c
For Q1, the company expects comparable systemwide RevPAR on a constant dollar basis will increase 5 to 7% in North America, 4 to 6% outside North America and 5 to 7% worldwide.
16:33 EDTMARMarriott reports Q4 EPS 68c, consensus 65c
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15:35 EDTMARNotable companies reporting after market close
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09:10 EDTMARMarriott volatility increases into Q4 results and outlook
Marriott overall option implied volatility of 25 is near its 26-week average of 23 according to Track Data, suggesting non-directional price movement into the expected release of Q4 on February 19.
February 17, 2015
11:09 EDTHOTStarwood CEO change a positive for shares, says Wells Fargo
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09:20 EDTHOTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
07:52 EDTHOTStarwood CEO resignation positive, says Wells Fargo
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06:04 EDTHOTStarwood appoints Adam Aron as interim CEO
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