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Morgans Hotel Group Announces the Opening of Mondrian SoHo on March 1st
Monday, January 10, 2011 - 11:07am | 38Morgans Hotel Group Co. (Nasdaq: MHGC) and developer Cape Advisors, Inc. today announced the opening of Mondrian SoHo on March 1st, with an exclusive preview at the end of February.
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Wyndham Resort Opens in Cabo San Lucas
Monday, January 10, 2011 - 10:59am | 61Wyndham Hotels and Resorts, LLC, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), today announced the expansion of the upscale hotel brand's resort portfolio in Mexico with the addition of the 286-room Wyndham Cabo San Lucas Resort in downtown Cabo San Lucas. The resort becomes the eighth...
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Options Brief: Gaylord Entertainment Company (GET)
Monday, January 10, 2011 - 10:46am | 106Shares of Gaylord Entertainment Company (NYSE: GET) are higher on the session by 1.11%, trading at $35.48. Overall call volume is now running at 16.94x the daily average, with 25% of all calls traded being purchases on the offer. 1,660 contracts have traded on the session so far. Gaylord...
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Home Inns Accelerates Growth
Friday, January 7, 2011 - 9:05am | 69Home Inns & Hotels Management Inc. (Nasdaq: HMIN) today announced plans to open a total of 260 to 280 new hotels in 2011, of which 100 to 110 will be leased-and-operated hotels and 160 to 170 will be franchised-and-managed hotels. In addition, as previously announced, Home Inns has set plans...
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Leadership Shifting from Commodities to Tech 01-06-2011
Thursday, January 6, 2011 - 7:01pm | 796Cusick's Corner The market continues to consolidate, but it's still not exhibiting clear signs of any directional bias. This is not stating that the rally is over, it's a sign that leadership is shifting out of Commodities (thanks to the Dollar move) and more into Tech (XLK). All eyes will be on...
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The Marcus Corporation Declares Quarterly Dividend of $0.85/sh
Thursday, January 6, 2011 - 2:51pm | 40Directors of The Marcus Corporation (NYSE: MCS) today declared a regular quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid February 15, 2011 to shareholders of record on January 25, 2011.
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Puts Purchased on Marriott International (MAR)
Thursday, January 6, 2011 - 12:38pm | 141Shares of Marriott International (NYSE: MAR) are lower on the session by 1.47%, currently trading at $40.96. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Carl Wilson, Marriott CIO, to Retire
Thursday, January 6, 2011 - 8:37am | 48Marriott International, Inc. (NYSE: MAR) announced today that Carl Wilson, executive vice president and chief information officer at the company since 1997, will retire March 31. Bruce Hoffmeister, a 22-year Marriott veteran, will succeed him as Global Chief Information Officer on April 1.
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Marriott Remains Neutral - Analyst Blog
Wednesday, January 5, 2011 - 12:03pm | 599We are maintaining our long-term Neutral recommendation for Marriott International Inc. (MAR), a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities. Given the company's strong pipeline, significant international exposure, solid balance sheet, lower...
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Marriott Remains Neutral - Analyst Blog
Wednesday, January 5, 2011 - 11:30am | 599We are maintaining our long-term Neutral recommendation for Marriott International Inc. (MAR), a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities. Given the company's strong pipeline, significant international exposure, solid balance sheet, lower...
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Benzinga's Top Performing Industries (CTRP, HDSN, LVS, WYNN, WBD, DF, NFLX, HAST, ONNN, AMD)
Tuesday, January 4, 2011 - 5:56pm | 233Consumer services industry was the best performing industry on Tuesday, with an increase of 3.09%. Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) spiked 6.85%, and Hudson Technologies, Inc. (NASDAQ: HDSN) added 2.45%. Resorts & Casinos industry continued to move higher. It added 2.69% today...
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Ctrip.com International Shares Up 5.8% (CTRP)
Tuesday, January 4, 2011 - 2:59pm | 134Shares of Ctrip.com International, Ltd. (Nasdaq: CTRP) are trading up 5.8% at $44.05 per share during the Tuesday afternoon trading session. The day's trading range for shares of Ctrip.com International, Ltd has been between $42.00 and $44.68 per share. Analysts covering Ctrip.com International,...
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Market Roundup (CCL, NLY, GM, LCC, LFL, UAL, AMR, DAL)
Tuesday, January 4, 2011 - 11:48am | 268Shares of Carnival PLC (NYSE: CCL) rose about 1.4% after analysts at Deutsche Bank upgraded company's stock from “hold” to “buy.” Deutsche Bank has a target price of $57.50 for the company. Shares of Annaly Capital Management Inc (NYSE: NLY) dropped about 2.5% after the company raised $1.29 billion...
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Top Performing Industries For January 4 (CTRP, NFLX, CUK, HGG)
Tuesday, January 4, 2011 - 10:24am | 189At 10:20 am, the Dow gained 0.05% to 11,676.08, the broader Standard & Poor's 500 index moved down 0.22% to 1,269.08 and the NASDAQ composite index rose 0.01% to 2,691.70. The industries that are supporting the market today are: Consumer Services: This industry jumped 3.62% by 10:20 am. The top...
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J.P. Morgan Upgrades OEH To Neutral, PT Goes To $17
Tuesday, January 4, 2011 - 8:51am | 104J.P. Morgan is upgrading Orient-Express Hotels, Ltd. (NYSE: OEH) to Overweight from Neutral and raising its year-end 2011 price target to $17 from $11. “Our price target implies ~30% upside from current levels,” J.P. Morgan writes. “We believe OEH is an attractive small cap play on our anticipation...