Marriott More Attractive With Starwood
If there was one well-telegraphed potential buyout, it was the sale of Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT). It turns out that Marriott International Inc. (NASDAQ: MAR) was the winner here, and…
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New Competition Threatens Atlantic City Casinos
New competition for gamblers is likely to compress revenues for the Atlantic City casinos, according to Moody's Investor Services.
Station Casino Gears Up for IPO After 8 Years off the Market
Station Casinos Corp. filed an S-1 form with the SEC as it readies for its IPO.
Marriott, Starwood Merger to Form World’s Largest Hotel Chain
Marriott International has agreed to acquire Starwood Hotels & Resorts Worldwide in a deal valued at more than $12 billion.
Starwood Continues to Soar on Positive Earnings
Starwood Hotels & Resorts Worldwide reported mixed third-quarter financial results before the markets opened on Wednesday.
WIll Wynn Resorts Ever Get Earnings Right?
ThinkstockWynn Resorts Ltd. (NASDAQ: WYNN) released its third quarter earnings after markets closed on Thursday. The company had $0.86 in earnings per share (EPS) on $996 million in revenue compared to consensus estimates from…
How Over 5 REITs Will Get an Unexpected Super Bowl Boost
One key analyst sees 2016's Super Bowl as a huge catalyst for lodging real estate investment trusts (REITs) within the San Francisco Bay Area.
Will China Be a Major Boost for Norwegian Cruise Line?
Norwegian Cruise Line plans to introduce the first purpose-built ship customized for the China market in 2017.
Macau Revenue Trends Keep Biting Casinos
ThinkstockIt seems as though the casino sector is depending solely upon Macau for its future. That is at least what many investors would think. There is a reason—Macau was supposed to be the creation…
Fitch Revises Revenue Forecast for Macau and Major Casinos
ThinkstockAs a result of Macau’s gaming revenues being down 36.5% year to date through August, and the corruption crackdown in China, Fitch Ratings is revising its Macau 2015 gaming revenue growth forecast. In part the…
Why Credit Suisse Likes Cruise Stocks
If you think that cruise lines are on the way out or are about to slow down, you might want to see what Credit Suisse has to say about the matter.
Muted Response for Strategic Hotels & Resorts Buyout Hopes
ThinkstockA potential merger with or acquisition of Strategic Hotels & Resorts, Inc. (NYSE: BEE) is not really new news. That being said, the company did announce on Monday that it is now formally exploring…
Hospitality Earnings in Review
ThinkstockA few of the key hospitality stocks recently reported their earnings and 24/7 Wall St. is taking a quick review of what has happened in the past week. The three companies we included in…
Royal Caribbean Jumps to New 52-Week High on Earnings
ThinkstockRoyal Caribbean Cruises Ltd. (NYSE: RCL) reported second quarter 2015 results before markets opened Friday morning. For the quarter, the global cruise vacation company posted adjusted diluted earnings per share (EPS) of $0.84 on…
How to Value Strategic Hotels in a Buyout
ThinkstockStrategic Hotels & Resorts, Inc. (NYSE: BEE) has been thrown around as a would-be takeover target before, and Credit Suisse decided to take a look back at its value prospects after a recent Bloomberg…