InterContinental Hotels Group PLCNYSE
InterContinental Hotels: Kimpton Buy Is A Win
DAG Investments • 17 Comments
DAG Investments • 17 Comments
Tue, Oct. 11, 5:35 PM
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%.
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.
Mon, Aug. 8, 8:46 AM
- Anbang Insurance Group is not considering an offer for InterContinental Hotels (NYSE:IHG), a representative for the Chinese company said, rejecting a Sunday Times report that a takeover was in the works.
- Anbang dropped its pursuit of Starwood Hotels in March, ending a bidding war with Marriott International.
Tue, Aug. 2, 9:28 AM
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)