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Hotel stocks higher after Chinese firms express interest in Starwood

Oct. 27, 2015 2:48 PM ETMarriott International, Inc. (MAR) StockMAR, H, WYN, SJJIY, HLTBy: Clark Schultz, SA News Editor2 Comments
  • Starwood Hotels and Resorts (HOT +9%) pops after The Wall Street Journal reports some Chinese firms are seeking approval to make a bid on the hotel operator.
  • Shanghai Jin Jiang International Hotels (OTC:SJJIY) and HNA Group, and China Investment Corp. are believed to be the pursuers.
  • A bulk of the hotel sector is moving off the news of Chinese interest and some strong earnings reports earlier.
  • Gainers: Hyatt Hotels (H +1.2%), Wyndham Worldwide (WYN +5.7%), Hilton Worldwide (HLT +1.2%), Marriott International (MAR +1.7%).

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