Hyatt: A Pricey Upscale Hotel Chain
Time & Model
Time & Model
Wed, Jul. 20, 7:34 AM
- Pebblebrook Hotel (NYSE:PEB) and Host Hotels (NYSE:HST) are cut to Hold from Buy, and Hyatt Hotels (NYSE:H) to Sell from Hold.
- Noted by analyst Rich Hightower is recent share outperformance amid a deteriorating fundamental outlook.
- All three stocks have had decent runs this year, but the moves are just bounces off of a very rough 2015.
Tue, Jul. 19, 7:33 AM
- Stifel Nicolaus lowers Hyatt Hotels (NYSE:H) to a Hold rating after having the hotel stock lined up at Buy.
- A number of Wall Street firms have turned cautious on Hyatt following Brexit, including Wolfe Research which initiated the stock at Underperform earlier this month.
- The ratings cut from Stifel arrives ahead of Hyatt's Q2 earnings report. Analysts expect revenue of $1.168B and EPS of $0.46 to be reported on August 2.
Thu, Jul. 14, 8:08 AM| Thu, Jul. 14, 8:08 AM | 1 Comment
Thu, Jul. 7, 2:57 PM
- Hilton Worldwide and Marriott International are offering better discounts to loyalty club members in a bid to lower the amount of payments doled out to online third-party services, according to the The Wall Street Journal.
- It's a trend that's likely to be followed across the industry as chains look to build stickiness with loyalty members.
- Many hotel operators have contracts with sites such as Priceline and Expedia that limit their ability to undercut pricing, with the important exception of loyalty members.
- Hotel and online stocks: BEL, CHH, EXPE, H, HLT, HMIN, HOT, IHG, MAR, STAY, WYN, TRIP, OWW, TZOO.
Mon, Jun. 20, 1:25 PM
- Hyatt Hotels (H +2%) announces that a wholly owned subsidiary has entered into an agreement to purchase the exclusive 119-room Royal Palms Resort and Spa located between Scottsdale, Arizona and Paradise Valley for an undisclosed amount.
- The transaction is expected to close in July 2016. The hotel will continue to be operated as the Royal Palms Resort and Spa and will become affiliated with The Unbound Collection by Hyatt.
- The company calls the Royal Palms an ideal fit for The Unbound Collection.
- Source: Press Release
Tue, Jun. 14, 7:56 AM
Thu, May 19, 11:12 AM
- "Lodging demand is clearly slowing," says BAML analyst Shaun Kelley, downgrading Hilton (HLT -3.1%), Hyatt (H -3.9%), RLJ Lodging (RLJ -6.1%), and Hersha Hospitality (HT -3.5%). He's most bearish on RLJ, which is cut two notches to Underperform; the other three are downgraded to Neutral.
- RevPAR dipped 1.1% in the first two weeks of May, says Kelley, and if the trend continues, RevPAR growth from May 2014 to May 2016 would be the slowest of any two-year period since the financial crisis.
- "The lodging cycle that began in March 2009 is over," he says, and hotel names have 15-40% of downside from current levels.
Wed, May 4, 12:52 PM
- Long Pond Capital's John Khoury calls an investment in Hyatt Hotels (H -0.9%) incredibly asymmetric, with 65% upside, but not a lot of downside.
- Lodging, he argues, is the most out of favor area of real estate right now, with the hotel index underperforming other REIT assets by 30%. Hotels, he says, are the cheapest they've been since real estate began being securitized.
- Airbnb? It's a threat to the lower end of the hotel market, not the area where Hyatt plays.
Tue, May 3, 7:53 AM
- Hyatt Hotels (NYSE:H) announces that comparable systemwide RevPAR increased 2.2% in Q1. The RevPar mark was +3.7% for company owned and lease hotels.
- Adjusted EBITDA increased 5.6% in the owned and leased hotel segment on a reported basis and was up 7.4% in constant currency.
- Properties in Mexico City, Orlando, and San Francisco stood out during the quarter.
- The company added 15 hotels (3225 rooms) during Q1 and is on pace to open more than 60 hotels this fiscal year.
- Guidance from Hyatt is for comparable systemwide RevPAR growth of 3% to 5% for FY16.
- Previously: Hyatt Hotels EPS in-line (May 3)
Tue, May 3, 7:39 AM
Mon, May 2, 5:30 PM
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Thu, Apr. 21, 1:49 PM
- Harris names its top brands of 2016 based off of consumer polling and other measurements of brand strength over time.
- Category winners included Lexus (NYSE:TM), Macy's (NYSE:M), Regal Cinemas (NYSE:RGC), Hilton Hotels & Resorts (NYSE:H), Cabela's (NYSE:CAB), Pizza Hut (NYSE:YUM), Southwest Airlines (NYSE:LUV), and Dunkin' Donuts (NASDAQ:DNKN).
- Rapid risers in brand equity included Moe's Southwest Grill (Chipotle effect?), Netflix (NASDAQ:NFLX), and Sony (NYSE:SNE).
- Complete list of Harris Brands of the Year
Mon, Apr. 18, 8:10 AM
Mon, Mar. 21, 10:34 AM
- Diamond Resorts International (DRII -8.2%) and Wyndham Worldwide (WYN -4.6%) are both down sharply in early trading.
- Also slumping amid more Starwood-Marriott merger news is Marriott Vacations (VAC -1.7%) and Interval Leisure GRoup (IILG -1.7%), while Hyatt Hotels (H +2.9%) and Starwood Hotels & Resorts (HOT +4.1%) are higher.
- A regulatory order issued by the Consumer Financial Protection Service against privately-owned Westgate Resorts continues to be factor in the timeshare sector, while the expansion of hotel chains into Cuba is in the mix on the hotel side of the lodging business.
Fri, Mar. 18, 9:27 AM
- Marriott International (NASDAQ:MAR) issues a statement following the announcement of Starwood Hotel & Resorts (NYSE:HOT) acceptance of an offer from an Anbang consortium.
- The company notes it still has until March 28 to bring in a new offer and has a tidy termination fee of $400M fee waiting for it if a new deal isn't struck. The tone from Marriott is that the chase is decidedly still on.
- The quick analysis from several hotel sector analysts is that a Marriott-Starwood deal is ultimately more likely than an Anbang-Starwood combination.
- M +1.32% to $72.25. HOT +5.04% to $80.24. Shares of Hyatt Hotels (NYSE:H) and InterContinental Hotels Group (NYSE:IHG) are on watch due to their trend of extra volatility on sector M&A developments.
- Previously: Marriott loses Starwood (for now) (Mar. 18 2016)
Mon, Mar. 14, 10:37 AM
- Starwood Hotels & Resorts (NYSE:HOT) is up 6.8% to trade just a shade below the new $76/share offer that came in from this morning from a consortium led by Anbang Insurance Group. The Chinese insurance concern is in the mix to buy Strategic Hotels and Resorts (BEE) and already owns an iconic U.S. property with the Waldorf-Astoria Hotel in its back pocket.
- Sources indicate that China-based PE Form Primavera Capital Group and J.C. Flowers & Co. are also part of the buyers consortium.
- Marriott International (NASDAQ:MAR) is up 2.2% off the development. Some notable shareholders have opposed the Starwood merger plan.
- Also active in the lodging sector off the M&A buzz are Hyatt Hotels (H +2.6%) and Intercontinental Hotels Group (IHG +3.8%).
- Falling back are shares of Interval Leisure Group (IILG -6.9%) which was lumped into the Anbang consortium offer due to its purchase of the vacation ownership business last fall.
- Previously: Report: Anbang to buy Strategic Hotels for $6.5B (Mar. 13 2016)
- Previously: Starwood higher after receiving new offer (Mar. 14 2016)
Hyatt Hotels Corp. is a global hospitality company. It manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world under the Hyatt, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place and Hyatt House brand names.... More
Country: United States
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