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Stifel Offers Updates On Best Ideas In Gaming & Leisure
Thursday, September 8, 2016 - 2:43pm | 420Read More...The rest of 2016 could be a wild ride for gaming & leisure investors, but a number of stocks in the space may still have significant upside ahead. According to Stifel analyst Steven Wierczynski, gaming & leisure stocks will likely continue to be unpredictable and volatile. Gaming Group...
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CLSA Was Impressed By Wynn's Palace Opening, But Positives Are Priced In
Tuesday, August 23, 2016 - 12:17pm | 353Read More...CLSA’s Jon Oh mentioned that the Palace opening by Wynn Resorts, Limited (NASDAQ: WYNN) was impressive, “with the property’s high quality design and management’s impeccable execution of the opening, confirming our conviction that Palace will be a success.” Oh maintains...
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Hilton Hotels Introduces New Partnership With Uber
Wednesday, March 30, 2016 - 2:05pm | 281Read More...In what is considered to be an industry first, Hilton Worldwide Holdings Inc (NYSE: HLT) announced a new partnership with Uber to combine their respective apps. Hilton's HHonors members can now order an Uber vehicle directly from the HHonors app. On the other hand, Uber riders can now view...
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Watch Hotel Sector Following News Of New Bid For Starwood
Monday, March 14, 2016 - 10:26am | 437Read More...Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were up more than 8 percent in the pre-market hours Monday after the company said it received a rival bid from China' Anbang Insurance Group, potentially creating a roadblock for Marriott International Inc (NASDAQ: MAR), which...
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Starwood Hotels Confirms $76/Share Unsolicited Cash Bid From Consortium
Monday, March 14, 2016 - 8:57am | 406Read More...Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) shares rose over 8 percent in pre-market trading following confirmation from the company that a consortium has offered an unsolicited cash bid at $76 per share. News of the bid follows months of M&A talk between Marriott International...
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Starwood Hotels Reports Better-Than-Expected Q4 Earnings, Drop In Net Income
Thursday, February 18, 2016 - 10:30am | 304Read More...Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were trading lower by more than 1 percent after the company reported its fourth quarter results. Starwood Hotels said it earned $0.89 per share in the fourth quarter on revenue of $1.433 billion. Wall Street analysts were...
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Hersha Hospitality Gains More Than 12% Following $571 Million Asset Sale
Thursday, February 4, 2016 - 3:44pm | 270Read More...Shares of Hersha Hospitality Trust (NYSE: HT) surged higher by more than 12 percent on Thursday after the company announced it has entered into an agreement with Cindat Capital Management. As part of the agreement, Hersha Hospitality will form a joint venture with Cindat Capital for 7 of its...
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Starwood Hotels Betting Big On New York City Market; Investors Aren't As Optimistic
Tuesday, February 2, 2016 - 3:29pm | 267Read More...Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) announced on Tuesday it plans to "significantly" expand its portfolio of Specialty Select brands in New York State over the next three years – the bulk of which will take place in the New York City region. Starwood Hotels noted that it...
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Belmond Spikes Higher, Stock To Be Added To S&P SmallCap 600 Index
Thursday, January 21, 2016 - 10:40am | 132Read More...S&P Dow Jones Indices announced on Wednesday a change to its S&P SmallCap 600 Index. Belmond Ltd (NYSE: BEL), a luxury hotel company and adventure travel operator, will be added to the SmallCap 600 index after Friday's market close and will be added to the S&P SmallCap 600 Hotels,...
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Marriott Says Share Repurchases Will Resume 'Immediately'
Tuesday, December 22, 2015 - 11:05am | 180Read More...Marriott International Inc (NASDAQ: MAR) announced on Tuesday morning that it has filed a joint proxy and registration statement with the US Securities and Exchange Commission relating to its proposed acquisition of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT). Marriott said that once...
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Berenberg Sees M&A Activity Just Beginning In The Leisure Sector
Thursday, December 10, 2015 - 2:26pm | 569Read More...Stuart Gordon of Berenberg commented on the leisure group, noting the sector remains "ripe" for further consolidation and Marriott International Inc (NASDAQ: MAR)'s acquisition of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) is "only the first deal." Gordon cited valuations below...
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The Marriott/Starwood Merger Could Be A Sign Of More Hotel Deals To Come
Monday, November 16, 2015 - 3:51pm | 523Read More...Marriott International Inc (NASDAQ: MAR)’s buyout of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) met with a poor initial market reaction. The deal is likely in part due to increasing pressure on hotels from online travel agencies. The Marriott/Starwood deal could signal the...
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We Might Be Overestimating Airbnb's Disruptive Potential
Monday, November 16, 2015 - 3:01pm | 502Read More...Morgan Stanley believes that Airbnb’s staggering growth will not impact the hotel industry as much as feared. The firm remains bullish on hotel stocks. Morgan Stanley believes that Airbnb could have its most disruptive impact in the online travel space instead. The meteoric rise of Airbnb...
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Is San Francisco Real Estate Losing Steam?
Friday, October 23, 2015 - 2:57pm | 556Read More...Slowing growth in the tech world could be partially to blame for the slowdown in the San Francisco real estate market. Apartment REITs are better-positioned to withstand a downturn than many office REITs are. Hotel RevPAR in the region will likely contract, but is projected to remain 6-8 percent...
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Airbnb Isn't Killing Hotels Yet
Wednesday, September 23, 2015 - 3:12pm | 501Read More...Airbnb and HomeAway, Inc. (NASDAQ: AWAY) are two names that are said to be "disrupting" the traditional hotel business. Thomas Allen of Morgan Stanley argued in a note on Tuesday that the impact these companies have on the hotel business "appears negligible." Allen recommended owning hotel and...
