Hyatt: A Pricey Upscale Hotel Chain
Time & Model
Time & Model
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.
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)
Thu, Jan. 14, 3:58 PM
- Select hotel stocks are sitting out the market rally due to a swipe from MKM Partners at the sector.
- MKM ratings moves: Hyatt (H -2.9%) to Sell from Neutral, Morgans Hotel Group (MHGC -12.1%) to Sell from Buy, InterContinental Hotels Group (IHG -3.3%) PT to $66 from $90, Choice Hotels (CHH -1%) to Sell from Neutral.
Nov. 24, 2015, 1:49 PM
- A global travel warning issued by the U.S. Department is impacting several sectors. Hotel stocks are notably weaker, while amusement park stocks are also trailing broad market averages. Airlines are feeling a double whammy from travel demand concerns and a 3% rise in crude oil futures.
- In some cases the sell-off appears to be an overreaction with little evidence in that travel habits will change dramatically, according to some analysts.
- Decliners include Hyatt Hotels (H -1.5%), Hilton Worldwide (HLT -1.1%), Marriott International (MAR -1.8%), JetBlue (JBLU -1.7%), Delta Air Lines (DAL -3.3%), American Airlines Group (AAL -2.4%), United Continental (UAL -3.2%), Allegiant Travel (ALGT -5.3%), Spirit Airlines (SAVE -4.1%), Southwest Airlines (LUV -2.7%), Six Flags (SIX -1.0%), Cedar Fair (FUN -1.0%), Disney (DIS -0.9%), and Sabre (SABR -3.9%), Virgin Amerinca (VA -2.5%), Alaska Air Group (ALK -1.5%).
- Previously: PCLN, EXPE, TRIP sell off after State Department issues travel warning (Nov. 24)
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)
Oct. 27, 2015, 2:48 PM
- 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%).
Apr. 29, 2015, 10:14 AM
- It's a festive day for the lodging sector after Hilton Worldwide (HLT +3.7%) beats with its Q1 report and Starwood Hotels & Resorts (HOT +7.5%) announces it will explore strategic options.
- Hilton's 6.9% increase in RevPAR stood out and helped the company boost its EBITDA margin, while Starwood's announcement has pushed shares to new all-time highs.
- Intercontinental Hotels Group (IHG +2.7%), Wyndham Worldwide (WYN +1.4%), Marriott International (MAR +2.3%), Hyatt (H +1.9%), Extended Stay America (STAY +1.3%), and Choice Hotels International (CHH +0.9%) are all higher in early action.
- Previously: Starwood Hotels & Resorts to explore all strategic options
- Previously: Hilton Worldwide EPS in-line, beats on revenue
- Previously: More on Hilton Worldwide's Q1
Mar. 26, 2015, 2:29 PM
- Hotel stocks are out ahead of market averages as sentiment stays positive on the sector
- Traders some to be piggybacking off each other without any major news out.
- Companies active in timeshares are well-represented on the list of gainers.
- Starwood Hotels & Resorts Worldwide (HOT +4.9%) reached an all-time high of $86.76 on huge volume.
- Also putting in gains are Hyatt Hotels (H +2.9%), Hilton Worldwide (HLT +1.6%), Morgans Hotel Group (MHGC +1%), Interval Leisure Group (IILG +2%), and Wyndham Worldwide (WYN +1.4%).
Mar. 19, 2015, 5:37 PM
Feb. 18, 2015, 8:02 AM
- Hyatt Hotels (NYSE:H) reports REVPAR increased 1.9% (3.4% ex-currency) at comparable owned and leased hotels in Q4.
- The comp gain in the U.S. was 5.8% for full service hotels and 7.2% for select service hotels.
- Segment revenue growth: Owned/leased -1.1% to $551M, Americas -9.1% to $80M, EAMA/SE Asia +120% to $22M.
- Average daily revenue +0.7% to $222.90.
- Occupancy +90 bps to 73.5%.
- Total room count +1.9% Q/Q and +5.3% Y/Y to 155,265.
- Previously: Hyatt Hotels beats by $0.09, misses on revenue
- H +2.64% premarket.
Feb. 10, 2015, 10:11 AM
- Strong earnings reports from Starwood Hotels & Resorts (HOT +6.4%) and Wyndham Worldwide (WYN +7.1%) have given a boost to the lodging sector.
- The group is showing improved efficiency as demand and pricing stays ahead of the rate of capacity growth.
- Gainers: Hyatt Hotels (NYSE:H) +3.8%, Marriott International (NASDAQ:MAR) +3.6%, Intercontinental Hotels (NYSE:IHG) +2.7%, Choice Hotels International (NYSE:CHH) +2.1%, Hilton Worldwide (NYSE:HLT) +1.4%, Extended Stay America (NYSE:STAY) +1.2%, Morgans Hotel Group (NASDAQ:MHGC) +1.2%.
- Associated with the sector, Priceline (PCLN +1.8%) and Orbitz Worldwide (OWW +3.1%) are also trading above market averages.
Oct. 13, 2014, 3:46 PM
- Hotel stocks suffer more selling pressure as Ebola fears continue to be a factor.
- Decliners: Marriott International (NASDAQ:MAR) -2.3%, Hilton Worldwide (NYSE:HLT) -2.2%, InterContinental (NYSE:IHG) -2.0%, Extended Stay America (NYSE:STAY) -2.6%, Hyatt Hotels (NYSE:H) -1.6%, Starwood Hotels & Resorts Worldwide (NYSE:HOT) -3.6%, Choice Hotels International (NYSE:CHH) -1.9%.
Oct. 1, 2014, 1:41 PM
- Concerns about the Ebola case in Dallas have contributed to a downward swing in hotel stocks
- The group has been one of the harder hit sectors on the day.
- Decliners: Starwood Hotels (NYSE:HOT) -3.8%, Hyatt Hotels (NYSE:H) -3.1%, Hilton Worldwide (NYSE:HLT) -1.4%, Diamond Resorts (NYSE:DRII) -3.0%, InterContinental Hotels Group (NYSE:IHG) -2.6%, Wyndham Worldwide (NYSE:WYN) -3.3%, La Quinta (NYSE:LQ) -1.7%, Marriott International (NASDAQ:MAR) -3.5%, Red Lion Hotels (NYSE:RLH) -2.3%, Choice Hotels International (NYSE:CHH) -2.3%.
- Previous coverage on Ebola impact
Apr. 30, 2014, 5:40 PM
Sep. 12, 2013, 12:07 PM
- There's nervous action in hotel stocks after Blackstone (BX -0.2%) files for an IPO of Hilton Worldwide, as the P-E giant is not in the habit of selling at bottoms (though it has been known to buy at tops: Hilton was purchased for $26B in 2007).
- Given 2012 EBITDA of about $2B, MLV's Ryan Meliker estimates Hilton will have an enterprise value of $26B-$27B, making it the largest hotel chain in the world based on market cap.
- Two other Blackstone-backed companies - SeaWorld (SEAS) and Pinnacle Foods (PF) - are holding their own since IPOs earlier this year.
- Marriott (MAR -1%), Hyatt (H -1.7%), Starwood (HOT -0.7%). Strategic (BEE -1.1%).
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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