- 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%).
Hotel stocks higher after Chinese firms express interest in Starwood
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Symbol | Last Price | % Chg |
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MAR | - | - |
Marriott International, Inc. |