Hyatt Hotels CorporationNYSE
Hyatt: A Pricey Upscale Hotel Chain
Time & Model
Time & Model
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)
Nov. 17, 2015, 7:02 AM
- Hotel industry insiders think there is more consolidation within the lodging sector on tap to follow the merger of Starwood Hotels & Resorts Worldwide and Marriott International.
- A significant increase in scale is seen as a way to compete with upstarts such as Airbnb, while interested Chinese buyers are still lurking in the background.
- Hyatt Hotels (NYSE:H), InterContinental Hotels Group (NYSE:IHG), and Acccor (OTCPK:ACRFF, OTCPK:ACRFY) are three names to watch for M&A.
- Previously: Marriott to buy Starwood Hotels for $12.2B (Nov. 16 2015)
Oct. 28, 2015, 9:54 AM
- Starwood Hotels & Resorts (NYSE:HOT) is up another 6.7% today to follow up on yesterday's late pop inspired by a WSJ report on Chinese interest in U.S. hotel chains.
- CNBC is reporting that Hyatt Hotels (H +3.1%) is in advanced talks to purchase Starwood in a cash and stock deal. Hyatt is believed to be more than a step ahead of the Chinese players.
- A deal could be announced within the next few weeks.
- CNBC video report
- Previously: Hotel stocks higher after Chinese firms express interest in Starwood (Oct. 27 2015)
Jul. 15, 2011, 8:07 AM