Thu, Oct. 1, 1:17 PM
- Marriott International (MAR +1.7%) is the top gaming and lodging pick of Credit Suisse.
- The sector is set to see mid-single digit RevPAR growth this year despite concerns over disrupters such as Airbnb,according to CS.
- The investment firm has a price target of $93 on MAR vs. the current price of $69.20.
Thu, Sep. 24, 6:49 AM
Thu, Sep. 10, 4:12 AM
- Companies raised $28B of investment-grade bonds in U.S. markets yesterday as the corporate-debt market roared back to life after a three-week hiatus that was partly due to worries about China.
- Nineteen companies issued debt, including Gilead Sciences (NASDAQ:GILD) with a $10B deal, home-improvement retailer Lowe’s Cos. (NYSE:LOW) and hotelier Marriott International (NASDAQ:MAR).
- Overall, firms have sold $1.2T worth of new debt in the U.S. this year, including junk-rated paper, putting the market on course to set a record for a fourth consecutive year.
- ETFs: LQD, VCSH, VCIT, VCLT, CORP, CSJ, CIU, CSI, CRED, LWC, CLY, SCPB, ITR, IGHG, QLTA, FCOR, IGS, COBO, SLQD, LQDH, QLTB, CBND, LDRI, IGU, SKOR
Thu, Aug. 6, 11:12 AM
Wed, Aug. 5, 7:23 AM
Wed, Jul. 29, 4:37 PM
Tue, Jul. 14, 7:50 AM
- Much of the beaten-up lodging REIT sector looks like a buy to Canaccord, which initiates RLJ Lodging (NYSE:RLJ), Summit Hotel (NYSE:INN), Hersha Hospitality (NYSE:HT), DiamondRock (NYSE:DRH), Strategic Hotels (NYSE:BEE), and Ashford Hospitality (NYSE:AHT) with Buy ratings.
- Rating only a Hold are Host Hotels (NYSE:HST), LaSalle Hotel (NYSE:LHO), Sunstone Hotel (NYSE:SHO), and Hospitality Properties (NYSE:HPT).
- Non-REIT lodging players, Starwood (NYSE:HOT) rates a Buy and Marriott (NASDAQ:MAR) a Hold.
Wed, Jun. 17, 2:50 PM
- Marriott (MAR +0.2%) is adding its hotel portfolio to TripAdvisor's (TRIP +14.5%) Instant Booking platform. The solution will allow TripAdvisor users to make bookings at Marriott's 4,200+ hotels without leaving its site/apps. Marriott/TripAdvisor also plan to take steps to "introduce new customers to Marriott's broad portfolio of 19 industry-leading brands."
- The deal represents a major shot in the arm for Instant Booking, which was launched only 12 months ago. TripAdvisor is better known to many users for showing listings (via its metasearch platform) that can be booked on 3rd-party platforms such as Priceline and Expedia.
- TripAdvisor has soared above $87 on the news.
Mon, Jun. 1, 8:29 AM
- Fitch Ratings boosts its estimate on U.S. RevPar in the lodging industry to 7% from 6% after seeing strong trends for the first four months of the year.
- The ratings agency cites a favorable macroeconomic backdrop and a "muted" hotel supply growth trend as supporting its outlook.
- Fitch notes that a downturn in a few leading industry indicators bears watching.
- Hotel stocks: BEL, CHH, EXPE, H, HLT, HMIN, HOT, IHG, MAR, STAY, WYN.
Thu, May 21, 9:30 AM
- Alongside Goldman's list of 50 stocks appearing most as top holdings at hedge funds is its list of the 50 top shorts.
- New additions this quarter: Baxter Intl (NYSE:BAX), UPS, Marriott (NASDAQ:MAR), NextEra (NYSE:NEE), Ford (NYSE:F), National Oilwell Varco (NYSE:NOV), McDonald's (NYSE:MCD), M&T Bank (NYSE:MTB), CenturyLink (NYSE:CTL), Amgen (NASDAQ:AMGN), Pioneer Natural (NYSE:PXD), Duke Energy (NYSE:DUK), Seagate (NASDAQ:STX), AbbVie (NYSE:ABBV), Cisco (NASDAQ:CSCO).
- The full list (in order of $ value of short interest): AT&T (NYSE:T), Disney (NYSE:DIS), IBM, Verizon (NYSE:VZ), Intel (NASDAQ:INTC), Kinder Morgan (NYSE:KMI), Exxon (NYSE:XOM), Pfizer (NYSE:PFE), J&J (NYSE:JNJ), Deere (NYSE:DE), Caterpillar (NYSE:CAT), Exelon (NYSE:EXC), GE, Boeing (NYSE:BA), Halliburton (NYSE:HAL), Fox (NASDAQ:FOXA), Comcast (NASDAQ:CMCSA), UTX, Regeneron (NASDAQ:REGN), Merck (NYSE:MRK), salesforce.com (NYSE:CRM), AbbVie (ABBV), Conoco (NYSE:COP), Wal-Mart (NYSE:WMT), Eli Lilly (NYSE:LLY), Celgene (NASDAQ:CELG), Schlumberger (NYSE:SLB), AutoZone (NYSE:AZO), Wells Fargo (NYSE:WFC), Emerson (NYSE:EMR), McDonald's (MCD), Reynolds (NYSE:RAI), Target (NYSE:TGT), Accenture (NYSE:ACN), Coca-Cola (NYSE:KO).
Fri, May 8, 10:46 AM
Thu, Apr. 30, 2:21 PM
- Marriott International (MAR -4.4%) MAR),+Starwood+Hotels+(NYSE:HOT)+Combo+Isnt+Likely%3A+CEO/10507121.html" target="_blank">calls a deal to buy Starwood Hotels & Resorts Worldwide (HOT -2%) unlikely.
- Speculation has also centered on an offer for Starwood from Hilton Hotels (H -1.7%) or a sovereign welfare fund.
- A piecemeal sale of Starwood assets is also a possibility.
- Starwood tipped off yesterday that it will consider all options when looking at how to increase shareholder value.
- Previously: Starwood Hotels & Resorts to explore all strategic options (April 29)
Wed, Apr. 29, 4:55 PM
Wed, Apr. 29, 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
Thu, Feb. 19, 12:08 PM
Thu, Feb. 19, 9:20 AM
MAR vs. ETF Alternatives
Marriott International Inc is an operator, franchisor & licensor of hotels and timeshare properties under different brand names. It also operates & develops residential properties and provides services to home/condominium owner association.
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