HotelNewsNow.com recaps hotel-related financial news each Friday. Following are updates for: Choice Hotels International, Host Hotels & Resorts, Las Vegas Sands Corporation, Marriott International, and Starwood Hotels & Resorts Worldwide.
The Baird/STR Hotel Stock Index was at 2025.15 as of 10 a.m. today. It closed Thursday at 1971.85.
UBS has initiated coverage on several hotel companies, according to streetinsider.com. Included are:
• Silver Spring, Maryland-based Choice Hotels International (NYSE: CHH) at “neutral” and a US$36 price target. The stock closed Thursday at US$35.05 per share. The stock year-to-date is up 10.7%.
• Bethesda, Maryland-based Marriott International (NYSE: MAR) with a “buy” rating and US$42 target. The stock closed Thursday at US$34.58 per share. Year-to-date, the shares are up 26.9%.
• White Plains, New York-based Starwood Hotels & Resorts Worldwide (NYSE: HOT) at “buy” with a US$60 target. The stock closed Thursday at US$50.48 per share. The shares are up 38% year-to-date.
• Bethesda-based Host Hotels & Resorts (NYSE: HST) with a “buy” rating and US$18 target. The stock closed Thursday at US$14.01 per share. The shares year-to-date are up 20.1%.
Las Vegas Sands
Las Vegas Sands Corporation reached a new 52-week high of US$33.65 per share on 22 September of US$33.65 per share. The stock closed Thursday at US$31.99 per share. Year-to-date, the stock is up 114.1%.