All Posts Tagged With: "HOT"
(H) Hyatt Hotels Boosts Latin American Presence
Chicago, Illinois-based, Hyatt Hotels Corporation (H) recently announced that one of its affiliates has completed the earlier announced acquisition of Hotel Nikko Mexico for approximately $190...
(HOT) Starwood Hotels & Resorts Worldwide Continues Brand Conversion
Starwood Hotels & Resorts Worldwide Inc. (HOT) recently announced the brand conversion of a former 150-room Four Points by Sheraton property to Aloft Tucson University. The property will undergo a complete...
(H) Hyatt to Revisit Puerto Rico
Hyatt Hotels Corporation (H) recently announced that a Hyatt affiliate entered into a management agreement with an affiliate of Island Hospitality Partners, LLC to unveil Hyatt Place Bayamón and El Tropical...
(MAR) Marriot International Reports a Penny Ahead – Raises Outlook
Marriott International Inc. (MAR) reported first quarter 2012 earnings of 30 cents per share, beating the Zacks Consensus Estimate by a penny. Moreover, quarterly earnings were 30% higher than the year-ago...
(MAR) Marriott International to Binge on Caribbean
Marriott International Inc. (MAR) recently revealed its intention to double is presence in the Caribbean and Latin America by 2017. Currently, Marriott operates 69 hotels in 25 countries in that region. The...
(IBM) International Business Machines to Buy Varicent Software
In a bid to strengthen its business analytics portfolio, International Business Machines Corp (IBM) has agreed to acquire analytics software provider Varicent Software Incorporated. However, the financial...
(HOT) Starwood Hotels & Resorts Worldwide To Open Aloft Property in California
Aloft, one of the new lifestyle brands of Starwood Hotels & Resorts Worldwide Inc. (HOT) is set to unveil a property in Cupertino, California in early 2013. The upcoming property will mark the third Aloft...
(HOT) Starwood Hotels & Resorts Worldwide Shares Downgraded to Neutral
We have recently downgraded our rating on the shares of Starwood Hotels & Resorts Worldwide Inc. (HOT) to Neutral from Outperform due to a slowdown in 2012 RevPAR growth target in North America, weak...
(HOT) Hotels & Lodging Stock Outlook – January 2012 – Industry Outlook
The hotels and lodging industry shaped up pretty well in 2011 thanks to the gradual global economic recovery, and seems to be poised for long-term growth. With the return of business as well as leisure travelers coupled with decelerating supply growth, pricing power remained...
(CEO) Marriott International Passing Baton to Sorenson
Even though his surname is not Marriott, Arne Sorenson will succeed J.W. Marriott, Jr. as chief executive officer (CEO) of Marriott International Inc. (MAR) next year. Sorenson will be the third CEO in the...
(AMR) Company News for October 4, 2011 – Corporate Summary
• Shares of AMR Corp. (NYSE:AMR) parent company of American Airlines fell on an increased fear of recession in the U.S. due to which the carrier can file for bankruptcy
• Shares of Eastman Kodak (NYSE:
(HOT) Hotels and Lodging Stock Outlook – September 2011 – Industry Outlook
The hotels and lodging industry is finally showing improvements, and seems poised for long-term growth, thanks to the gradual global economic recovery. The industry has been witnessing a return of business travelers and a growing demand for leisure, though concerns about the...
(WYN) Wyndham Worldwide – The Resort Under One Roof
Wyndham Worldwide Corporation (WYN) has recently acquired substantially all the assets of The Resort Company LLC (“TRC”), an established vacation rental and property management company plus owner of Steamboat...
(BSX) Company News for July 29, 2011 – Corporate Summary
• Credit Suisse (NYSE:CS) announced that it will cut 2,000 jobs worldwide after the banking giant was hit by a decline in second quarter profits and an appreciating Swiss franc
• A report from Sky News...
(XRT) Report Shows U.S. Consumer is Alive and Kicking
On Thursday, I wrote a piece titled “The Seven...
(MAR) Marriott International and Timeshare to Split
Marriott International Inc. (MAR) is on track with the spin-off of its Timeshare business into a new publicly traded company. The transaction is expected to complete by year-end 2011. Marriott also announced...
(HOT) Starwood Hotels & Resorts Worldwide Boosts China Portfolio
White Plains, New York-based Starwood Hotels & Resorts Worldwide Inc (HOT) recently announced its intention of opening seven new Sheraton hotels by the end of September this year, which...
(HOT) Starwood Hotels & Resorts Worldwide Beefs Up Saudi Portfolio
Starwood Hotels & Resorts Worldwide Inc. (HOT) is set to further expand in the Kingdom of Saudi Arabia with two new hotels. The company has entered into a deal with Saudi Brothers Commercial Co. to open...
(HOT) Starwood Hotels & Resorts Worldwide Enters Azerbaijan
Starwood Hotels & Resorts Worldwide Inc. (HOT) has signed an agreement with Silk Way Airlines LLC to open a Sheraton hotel in Azerbaijan. This marks Starwood’s debut in that country. Starwood plans to...
(H) Hyatt Hotels Expands in Malaysia
Hyatt Hotels Corporation (H) recently announced that one of its affiliates has signed a contract with Bahagia Investment Corporation (Malaysia) Sdn Bhd for the operation of Grand Hyatt Kuala Lumpur. Financial...
(IHG) InterContinental Hotels Group Renovates Sao Paulo Property
InterContinental Hotels Group (IHG) recently completed the first phase renovation at its Sao Paulo property. InterContinental Sao Paulo is one of the most renowned business-oriented properties in the popular...
(RLH) Red Lion Sells Seattle Property
Red Lion Hotels Corporation (RLH) has closed the sale of its hotel in Seattle. An affiliate of Lowe Enterprises Investors has acquired the property for $71 million. The public sale process was handled by Chris...
(HOT) Starwood Hotels and Resorts Worldwide “W” Brand Hotels Reach Russia
Starwood Hotels and Resorts Worldwide Inc. (HOT) with its luxury boutique hotel brand W Hotels Worldwide is all set to expand its footprint in Russia, which is considered as one of the fastest growing markets....
(MAR) Marriott International Analyst Maintains Neutral on Shares
We are maintaining our long-term Neutral recommendation on Marriott International Inc. (MAR), a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities.
Marriott’s...
(HOT) Starwood Hotels & Resorts Worldwide Analyst Maintains Neutral on Shares
We are maintaining our long-term Neutral recommendation on Starwood Hotels & Resorts Worldwide Inc. (HOT), a leading worldwide hospitality company, which primarily focuses on property ownership, management...
(HMIN) Home Inns – Motel 168 Under One Roof
Shanghai-based Home Inns & Hotels Management Inc. (HMIN) recently entered into a definitive agreement to fully acquire Motel 168 International Holdings Limited for $470 million. The purchase consideration...
(MAR) Marriott International to Boost Shareholder Value
Bethesda, Maryland-based Marriott International, Inc (MAR) recently announced a hike in its quarterly dividend payout by 1.25 cents to 10 cents per share, reflecting an increase of 14% from the prior dividend....
(HOT) Hotels & Lodging Industry Outlook – May 2011 – Industry Outlook
The hotels and lodging industry seems to be back in demand, thanks to the gradual global economic recovery. The industry has been witnessing a return of business travelers and a growing demand for leisure.
Riding on the back of improvement in the U.S. economy and the...
(CRM) Salesforce-Toyota Make Allies
Salesforce.com Inc. (CRM) recently announced a strategic alliance with the multinational automobile manufacturer Toyota Motors Corp. (TM)....
(MAR) Marriott International Announces Boost to Shareholder Value
Bethesda, Maryland-based Marriott International, Inc (MAR) recently announced a hike in its quarterly dividend payout by 1.25 cents to 10 cents per share, reflecting an increase of 14% from the prior dividend....