(XRT) Report Shows U.S. Consumer is Alive and Kicking
On Thursday, I wrote a piece titled “The Seven ‘C’s’ of Recovery Optimism” with my last, and possibly weakest, point for the continuing economic expansion being the resiliency of the American consumer....
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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,...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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 million....
View Article(OEH) Orient-Express Hotels Limited Replaces Interim CEO
Hamilton, Bermuda-based, Orient-Express Hotels Ltd. (OEH) recently announced the appointment of board member Philip R. Mengel as the Chief Executive Officer (CEO) on an interim basis. Mengel replaces...
View Article(HOT) Starwood Hotels & Resorts Worldwide Beefs Up Luxury Collection
Starwood Hotels & Resorts Worldwide Inc. (HOT) recently revealed that it remains on track to unveil 10 new Luxury Collection Hotels & Resorts globally in the near term. The company has...
View Article(HOT) Starwood Hotels & Resorts Worldwide to Overhaul High-end W Brand
Starwood Hotels & Resorts Worldwide Inc. (HOT) announced that more than 10 North American properties of one of its high-end brands, W, will undergo extensive makeover in the coming 18 months. The...
View Article(HOT) Starwood Hotels & Resorts Worldwide Opens 4th Aloft in India
Stamford, Connecticut-based Starwood Hotels & Resorts Worldwide, Inc. (HOT) recently announced the opening of a hotel – ‘Aloft Chandigarh Zirakpur’ – under its Aloft brand in Chandigarh, India. The...
View Article(H) Hyatt Hotels Boosts Caribbean Presence
An affiliate of Chicago, Illinois-based Hyatt Hotels Corp. (H) recently entered into a management agreement with Range Developments for developing a hotel under the Park Hyatt brand in the island of...
View Article(H) Hyatt Hotels Boosts Indian Presence
Chicago-based Hyatt Hotels Corporation (H) recently announced that one of its affiliates has entered into management contracts for two new hotels in India. Financial terms of the deal were not...
View Article(RLH) Red Lion Signs Franchise License Agreement With WR Management for...
Spokane, Washington-based Red Lion Hotels Corporation (RLH) recently announced the signing of a franchise license agreement with WR Management Co. for a hotel — Quality Inn & Suites Date Palm — in...
View Article(HOT) Hotel and Lodging Stock Outlook – August 2012
The year 2012 started on a positive note for the hotel & lodging industry, with lodging performance indicators witnessing considerable improvement in most regions of the world. However, global...
View Article(MAR) Marriott International Reports In Line – Increases EPS Guidance
Marriott International Inc. (MAR) reported second quarter 2012 earnings of 42 cents per share, in line with the Zacks Consensus Estimate. However, earnings in the reported quarter were 24% higher than...
View Article(H) Hyatt Hotels Debuts In Southwest China
Consistent with its expansion activity, Hyatt Hotels Corporation (H) recently announced the opening of the hotel – Hyatt Regency Chongqing – under its Hyatt Regency Brand. The opening marks the debut...
View Article(PEB) Pebblebrook Hotel Trust Acquires West Los Angeles Hotel
Pebblebrook Hotel Trust (PEB), a real estate investment trust (REIT), has recently acquired W Los Angeles – Westwood – a 258-room luxury full-service hotel in the Westwood neighborhood of Los Angeles,...
View Article(H) Hyatt Hotels Expanding in Puerto Rico
Hyatt Hotels Corporation (H) recently announced that a Hyatt affiliate inked a management agreement with an affiliate of Island Hospitality Partners, LLC to unveil Hyatt Place Manatí, Puerto Rico in...
View Article(HOT) Starwood Hotels & Resorts Worldwide to Unveil W in Panama City
Starwood Hotels & Resorts Worldwide Inc.(HOT) recently announced that it is on track to introduce a W brand hotel in Panama City. This will mark the entry of W, one of the high-end brands of...
View Article(RLH) Red Lion Hotels Opens Denver Airport Location
Red Lion Hotels Corporation (RLH) recently inked a franchise license agreement with the owners of a hotel located at the Denver International Airport. The 87-guestroom property will now become the Red...
View Article(HOT) Starwood Hotels and Resorts Worldwide Introduces W in Singapore
In order to ramp up its presence in the flourishing Singaporean market, Starwood Hotels and Resorts Worldwide Inc. (HOT) recently debuted its W brand at Sentosa Cove, Singapore in collaboration with...
View Article(MAR) New Look for Marriott St. Louis
As a part of its continued brand-revitalization, Marriott International Inc. (MAR) has decided to go forward with an extensive makeover plan for its St. Louis Airport property for around $15 million....
View Article(MAR) Marriott Adds JW Marriott in Mexico
In order to further ramp up its presence in Mexico, JW Marriott Hotels & Resorts brand, one of the world class luxury brands of Marriott International, Inc. (MAR), recently struck a deal with...
View Article(MAR) Marriott International’s Profit Surges
Hotel chain operator, Marriott International Inc. (MAR) reported third quarter 2012 earnings of 44 cents per share, comfortably surpassing the Zacks Consensus Estimate of 40 cents and the year-ago...
View Article(MAR) Marriott International to Boost Extended-stay Business
Hotel chain operator, Marriott International Inc. (MAR), recently announced that its extended-stay portfolio now accounts for a third of its development pipeline in North America. With the...
View Article(HOT) Starwood Hotels & Resorts Worldwide Revamps Hawaiian Assets
As part of its continued brand revitalization, Starwood Hotels & Resorts Worldwide Inc. (HOT) recently completed an extensive makeover of four Hawaiian properties under its largest brand Sheraton...
View Article(HOT) Starwood Hotels & Resorts Worldwide Collaborates with The Urban Land...
Leading hospitality company Starwood Hotels & Resorts Worldwide Inc. (HOT) recently joined forces with The Urban Land Institute (ULI) Greenprint Center for Building Performance. The collaboration...
View Article(HOT) Hotel and Lodging Stock Update – December 2012 – Industry Outlook
The year 2012 is likely to end on a positive note for the hotel & lodging industry, with lodging performance indicators witnessing considerable improvement in most parts of the world. In the...
View Article(H) Hyatt Hotels Opens Hyatt Place Property in El Segundo
Chicago, Illinois-based, Hyatt Hotels Corporation (H) recently declared the opening of a Hyatt Place branded hotel in El Segundo, United States in collaboration with OTO Development. The new property...
View Article(HOT) Starwood Hotels & Resorts Worldwide Signs Record Number of Deals in 2012
Leading hospitality company Starwood Hotels & Resorts Worldwide, Inc. (HOT) recently declared that amid such global macroeconomic turmoil, it has entered into maximum number of hotel agreements in...
View Article(HOT) Starwood Hotels & Resorts Worldwide Thrives in Latin America
Starwood Hotels & Resorts Worldwide, Inc. (HOT) is on the verge of signing new deals and launching hotels in the rapidly-growing emerging markets of Latin America in order to further enhance its...
View Article(HOT) Starwood Hotels & Resorts Worldwide Flourishes in Dubai
In order to expand its footprint in the Middle East region, Starwood Hotels & Resorts Worldwide Inc. (HOT) recently unveiled a Sheraton branded property in Dubai in collaboration with Majid Al...
View Article(HOT) Starwood Hotels & Resorts Worldwide Shift Base to Dubai
Starwood Hotels & Resorts Worldwide, Inc. ( HOT ) , the leading global hospitality company, has recently transferred its headquarters from Stamford, CT to Dubai, UAE for one month. This was done...
View Article(HOT) Starwood Hotels & Resorts Worldwide Enhances European Portfolio
In order to further ramp up its presence in Europe, Starwood Hotels & Resorts Worldwide, Inc. (HOT) is on the verge of launching 50 new hotels in the region by 2018. Moreover, Starwood is also...
View Article(HOT) Starwood Hotels & Resorts Worldwide’s Westin Now in Sacramento
In order to bolster its presence in the U.S., Starwood Hotels & Resorts Worldwide Inc. (HOT) recently unveiled its 1st Westin branded (upper/ upscale luxury brand) property – The Westin Sacramento...
View Article(HOT) Starwood Hotels & Resorts Worldwide to Expand in Middle East and Africa...
Leading global hotel chain Starwood Hotels & Resorts Worldwide, Inc. (HOT) has recently declared that it is on the verge of launching 50 new hotels with 14,000 guest rooms in the rapidly-growing...
View Article(MAR) Marriott International’s Ritz-Carlton in Aruba
The Ritz-Carlton Hotel Company L.L.C, a wholly owned subsidiary of Marriott International, Inc. (MAR), is all set to unveil a property in the Island Of Aruba. Christened The Ritz-Carlton, Aruba, the...
View Article(H) Hyatt Hotels Hyatt Place Now in Pensacola
Chicago, Ill.-based leading global hotel chain, Hyatt Hotels Corporation (H) recently unveiled a Hyatt Place branded (upscale, select-service, contemporary lifestyle hotel brand for modern travelers)...
View Article(MAR) Marriott International Beats First Quarter Earnings and Revenues
Marriott International Inc. (MAR) posted first-quarter 2013 earnings of 43 cents per share, beating the Zacks Consensus Estimate of 41 cents by 4.9% and the year-ago level by 43.3%. Marriott’s strong...
View Article(CHH) Choice Hotels International Steps into Calgary
Choice Hotels International Inc.’s (CHH) boutique style brand – Ascend Hotel Collection (luxury, design-led and contemporary facilities) – recently unveiled a new hotel in Calgary, Canada. Christened...
View Article(HOT) Starwood Hotels & Resorts Worldwide Reveals Extensive Latin America Plans
Starwood Hotels & Resorts Worldwide Inc. (HOT) plans to expand its operations in Latin America by 50% over the next five years. This will lead to the opening of seven hotels per year on an average...
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