InterContinental Hotels: Kimpton Buy Is A Win
DAG Investments • 17 Comments
DAG Investments • 17 Comments
InterContinental Hotels Group: Caution Is Due
DAG Investments • 14 Comments
DAG Investments • 14 Comments
Mon, Jul. 25, 2:39 AM
- A cascade of terrorist attacks in Europe is driving away tourists at the height of the summer rush, casting a pall over hotel chains, airline companies and luxury retailers that are already grappling with Britain's vote to leave the EU.
- Germany was the latest country to get hit by a series of violent incidents over the weekend, including a suicide bombing and stabbing by two Syrian refugees and a German-Iranian teenager that shot and killed nine people at a mall in Munich.
- Related stocks: IHG, AAL, OTCQX:DLAKF, OTCQX:DLAKY, OTCPK:AFLYY, OTC:AFRAF, OTCPK:ICAGY, OTCQX:ESYJY, OTC:EJTTF, RYAAY, OTC:RYAOF, OTCPK:TCKGY, OTC:TCKGF, OTCPK:HESAY, OTCPK:HESAF, OTCPK:LVMUY, OTCPK:LVMHF, OTCPK:PPRUY, OTC:PPRUF
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. 27, 9:13 AM
Mon, Jun. 20, 9:16 AM
Thu, May 19, 12:43 PM
- The entire lodging sector is feeling the pain of some pessimism from Bank of America Merrill Lynch on slowing demand.
- The investment firm is convinced that operators are at risk of falling short of their RevPAR guidance.
- Other declines include Ashford Hospitality (AHT -5.3%), Chesapeake Lodging Trust (CHSP -4.2%), InterContinental Hotels Group (IHG -3%), La Quinta (LQ -2.6%), Choice Hotels (CHH -1.5%), Marriott International (MAR -1.5%), and Interval Leisure Group (IILG -5.1%).
- Previously: BAML: Benign lodging cycle is over (May 19)
- Previously: Bank of America goes to the sideline on Hilton Worldwide (May 19)
Fri, May 6, 7:09 AM
- InterContinental Hotels Group (NYSE:IHG) reports revenue per room increased 1.3% in Q1. Hotel rates were up 1.0%, while the occupancy rates was 0.3% higher.
- RevPAR by region: Americas +1.9%, Europe +1.4%, Asia/Middle East/Africa -1.1%, Greater China +2.2%.
- The company says it increased its net size by 2.7% during the quarter to 742K rooms.
Tue, Mar. 29, 9:59 AM
- The loser of the battle for Starwood Hotels & Resorts between Marriot International (MAR) and Anbang may go shopping in Europe, tips Bloomberg Gadfly.
- The most ovious target may be InterContinental Hotels Group (IHG -0.1%), although a full buyout of NH Hotel Group (OTC:NHHEF, OTCPK:NHHEY) or Accor (OTCPK:ACRFF, OTCPK:ACRFY) could be part of the Starwood loser's new strategy.
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)
Mon, Mar. 7, 8:03 AM| Mon, Mar. 7, 8:03 AM | 1 Comment
Tue, Feb. 23, 9:18 AM
Wed, Feb. 17, 10:26 AM
- Consumer discretionary stocks associated with travel are higher as investors load up on some beat-up names after Priceline reported strong bookings growth.
- There's also a general sentiment that recession fears on Wall Street, don't necessarily add up to panic on main street.
- Notable gainers include InterContinental Hotels Group (IHG +5.4%), Stay America (STAY +4.5%), Marriott International (MAR +3%), Starwood Hotels & Resorts (HOT +3.4%), Caesars Entertainment (CZR +8.5%), Norwegian Cruise Line Holdings (NCLH +6.8%), Diamond Resorts International (DRII +6.3%), MGM Resorts (MGM +2.8%), United Continental (UAL +3.6%), Spirit Airlines (SAVE +5.6%), Delta Air Lines (DAL +3.3%), American Airlines Group (AAL +2.6%), Virgin America (VA +4.1%), Marriott Vacations (VAC +2.7%), Hyatt Hotels (H +3.2%), Wyndham Worldwide (WYN +3.4%), Southwest Airlines (LUV +3.6%), and Six Flags (SIX +3.2%).
- Previously: Priceline rallies after earnings shine (Feb. 17 2016)
- Previously: Priceline beats by $0.83, beats on revenue (Feb. 17 2016)
- Previously: Expedia, TripAdvisor rally following Priceline's Q4 beat, bookings improvement (Feb. 17 2016)
Wed, Jan. 27, 2:11 PM| Wed, Jan. 27, 2:11 PM | 1 Comment
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. 30, 2015, 7:32 AM
- Traders in London think that Chinese companies that missed out on acquiring Starwood will turn their attention to InterContinental Hotels Group (NYSE:IHG), reports The Telegraph.
- Shanghai Jin Jiang International Hotels Group (OTC:SJJIY) is seen as one of the potential bidders for the hotel operator with over 4.9K properties spread across the world.
- IHG +3.14% premarket to $38.71 vs. a 52-week trading range of $33.34 to $44.72.
InterContinental Hotels Group Plc owns and operates hotels. The company operates through the following hotel brands includes, InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN Hotels, IHG Rewards Club and HUALUXE Hotels and... More
Country: United Kingdom
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