Moody's may cut Hyatt Hotels senior unsecured rating; worried about profit declines Moody's Investors Service said Wednesday that it may cut Hyatt Hotel Corp.'s senior unsecured rating, citing profit declines and concerns over soft demand. The lodging sector has struggled during the ...
NEW YORK (Reuters) - Marriott International Inc <MAR.N> plans to more than double the number of its properties in Europe in the next few years, with an announcement from the hotel company expected Tuesday, according to the Wall Street Journal. The plan, ...
NEW YORK (Reuters) - Starwood Hotels & Resorts Worldwide Inc <HOT.N> is raising the annual amount of stock and options that it gives board members who do not work for the company by 25 percent. Those directors will get $125,000 in stock ...
<div><h1> LOTS OF ROOM AT THE INNS </h1><p>The surprisingly busy scene at many downtown big-city hotels could make you wonder if they've discovered a way to fend off the recession. Hardly. Hotels are packing in leisure travelers by offering cheap room rates ...
<div><p>LONDON (Reuters) - InterContinental Hotels, the world's biggest hotelier, said a recovery for the industry might be two years away after reporting first-half profit that fell but beat forecasts.</p><p>The British group, which operates the InterContinental, Crowne Plaza and Holiday Inn brands, declined ...
<div id="subtitle">Boutique hotel operator Morgans Hotel Group 2nd-quarter loss widens as revenue slides</div><div><p>Boutique hotel operator Morgans Hotel Group Co. said that its second-quarter loss widened as the recession continued to prompt consumers to pull back on their spending, but the results managed ...
<div id="subtitle">MGM Mirage brands grow in Asia, Middle East with less gambling as company tries franchising</div><div><p>Struggling with an economy that has gouged gambling profits and cut casino companies' ability to borrow, MGM Mirage hopes to keep expanding its international hotel and casino ...
<div id="subtitle">MGM Mirage brands grow in Asia, Middle East with less gambling as co. tries franchising, mgt.</div><div><p>Struggling with an economy that has gouged gambling profits and cut casino companies' ability to borrow, MGM Mirage hopes to keep expanding its international hotel and ...
<div><h1> STARWOOD IS BLANKETING CHINA </h1><p>On a recent business trip to Shanghai, Eagle Yin received all the perks of what he calls a "high-level international hotel." There was the free Internet connection, three in-house restaurants, a mah-jongg parlor, and an assortment of ...
<div id="subtitle">Analyst upgrades DiamondRock, Host Hotels & Resorts, LaSalle Hotel Properties to 'Buy'</div><div><p>An analyst upgraded shares of several hotel real estate investment trusts on Tuesday on factors including stabilizing occupancy, improving liquidity and strong balance sheets.</p><p>Stifel Nicolaus analyst ...
