Hyatt: A Pricey Upscale Hotel Chain
Time & Model
Time & Model
Wed, Sep. 28, 10:19 AM
- Playa Hotels & Resorts (PLYA) files for an IPO with a placeholder amount of $100M listed.
- Renaissance Capital says the deal size could run up to as high as $300M.
- Playa is an operator of all-inclusive resorts in Mexico and the Caribbean with big goals.
- S-1 dive: "We believe that we are well-positioned to pursue acquisitions in the all-inclusive segment of the lodging industry and further establish us as a leading owner and operator of all-inclusive resorts."
- Hyatt Hotels (NYSE:H) has a strategic relationship with Playa and owns an undisclosed stake in the company.
Mon, Sep. 26, 9:43 AM
- Alongside an earlier reported downgrade of Sunstone Hotel Investors (SHO -2.9%), Morgan Stanley downgrades DiamondRock Hospitality (DRH -2.3%), Hyatt Hotels (H -3%), and InterContinental Hotels (IHG -4.4%) to Underweight from Equal Weight.
- Behind the downgrades, Morgan analyst Thomas Allen cut his forecast for U.S. RevPAR growth next year to 1% from 2.4%, and for 2018 to -1% from 1.5%.
Mon, Sep. 26, 9:05 AM
- Morgan Stanley upgrades Marriott International (NYSE:MAR) to an Overweight rating from Equalweight.
- The investment firm takes a zero sum approach to the sector by sliding Hyatt Hotels (NYSE:H) to Underweight from Equalweight and assigning a price target of $46.
- The fresh ratings from MS on the hotel operators is its first take since Marriott and Starwood closed on their mega-merger.
- MAR +1.23% premarket to $69.28.
Wed, Sep. 14, 1:33 PM
- Hyatt Hotels (H +0.6%) continues the acceleration of its trendy Hyatt Centrick brand with the transition of three well-known properties.
- The Hyatt Centric French Quarter New Orleans, Hyatt Centric Times Square New York, and Hyatt Centric Key West Resort & Spa will be aimed at guests looking for lodging in what the company calls the upper-upscale lifestyle segment.
- The rebranding efforts start this year.
- Source: Press Release
Tue, Aug. 16, 11:01 AM| Tue, Aug. 16, 11:01 AM | 4 Comments
Mon, Aug. 15, 5:45 AM
- A data breach at 20 U.S. hotels operated by HEI Hotels & Resorts for Starwood (NYSE:HOT), Marriott (NASDAQ:MAR), Hyatt (NYSE:H) and Intercontinental (NYSE:IHG) may have divulged payment card data from tens of thousands of transactions.
- The malware was discovered in early to mid-June on payment systems used at restaurants, bars, spas, lobby shops and other facilities at the properties.
Wed, Aug. 3, 1:13 PM
- Cruise line stocks are recovering from a harsh sell-off following Royal Caribbean's (RCL +1.9%) earnings report. Norwegian Cruise Line Holdings NCLH and Carnival CCL saw some panicking trading yesterday, according to some analysts.
- United Continental (UAL +1.6%) and Delta Air Lines (DAL +1%) are also higher on the day. Sector watchers note that the impact of Zika on the carriers may have been overstated.
- Priceline Group (PCLN +1.7%) and Travelzoo (TZOO +1.9%) are ahead of broad market indexes.
- Hotel stocks Hyatt Hotels (H +2.6%), Marriott International (MAR +1.1%), and Hilton Worldwide Holdings (HLT +1%) are in positive territory in the lodging sector.
Tue, Aug. 2, 9:14 AM
- Hyatt Hotels (NYSE:H) reports systemwide RevPAR will increase 2.3% in Q2. RevPAR was up 4.2% in the U.S.
- Adjusted EBITDA increased 5.6% to $227M during the quarter, a mark that improves to +7.1% if currency swings are backed out.
- Hyatt's net room growth was 6% for Q2. Comparable owned and leased hotels segment operating margin was flat Y/Y at 27.6%.
- Looking ahead, Hyatt sees RevPAR growth of 2% to 3% for the full year. The company expects to open a total of 60 hotels this year.
- Previously: Hyatt Hotels beats by $0.17 (Aug. 2)
Tue, Aug. 2, 7:33 AM
Mon, Aug. 1, 5:30 PM
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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