Shareholder Alert: Ademi LLP investigates whether Hersha Hospitality Trust has obtained a Fair Price in its transaction with KSL
- MILWAUKEE , Aug. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating Hersha (NYSE: HT) for possible breaches of fiduciary duty and other violations of law in its transaction with KSL. Click here to learn how to join the action https://www.ademilaw.com/case/hersha-hospitality-trust or call Guri Ademi toll-free at 866-264-3995.
- 08/28/2023
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Why Hersha Hospitality Trust Stock Skyrocketed 56% Today
- Hersha Hospitality Trust agreed to be acquired by private equity firm KSL Capital Partners at a 60% premium to Friday's closing price. The deal still requires shareholder approval, but is expected to close by the end of 2023.
- 08/28/2023
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HT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Hersha Hospitality Trust Is Fair to Shareholders
- NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Hersha Hospitality Trust (NYSE: HT) to affiliates of KSL Capital Partners, LLC for $10.00 per share is fair to Hersha shareholders. Halper Sadeh encourages Hersha shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether.
- 08/28/2023
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Hersha Hospitality stock soars after buyout deal at 59% premium with KSL Capital
- Shares of Hersha Hospitality Trust HT, soared 56.7% toward an eight-month high in premarket trading Monday, after the real estate investment trust focused on the hospitality sector announced an agreement to be acquired by private equity firm KSL Capital Partners LLC in a cash deal valued at $1.4 billion. Under terms of the deal, KSL will pay $10 in cash for each Hersha share outstanding, which represents a 59.2% premium to Friday's closing price of $6.28.
- 08/28/2023
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Hersha Hospitality Trust to be Acquired by KSL Capital Partners
- Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price Provides shareholders with immediate and certain value at a substantial premium PHILADELPHIA and DENVER, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, and KSL Capital Partners, LLC (“KSL”), a leading investor in travel and leisure businesses, today announced a definitive merger agreement, entered into on August 27, 2023, under which affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion. The purchase price represents a premium of approximately 60% over Hersha's closing share price on August 25, 2023, the last full trading day prior to this announcement.
- 08/28/2023
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12 Sturdy REITs Expected To Grow Revenues By Double Digits
- Most REIT investors prioritize high dividends, while I focus on growth and healthy companies. This article identifies 17 REITs expected to have double-digit FFO per share growth this year or next, and to grow FFO at a 2-year CAGR of 7.5% or better. This article then evaluates the balance sheet strength of those 17, to winnow the list down to 12.
- 08/07/2023
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Hersha Hospitality (HT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
- Although the revenue and EPS for Hersha Hospitality (HT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 08/02/2023
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Hersha Hospitality (HT) Misses Q2 FFO Estimates
- Hersha Hospitality (HT) came out with quarterly funds from operations (FFO) of $0.38 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.56 per share a year ago.
- 08/02/2023
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Hersha Hospitality Trust Announces Second Quarter 2023 Results
- - Second Quarter 2023 Net Income of $0.04 Per Share - - Second Quarter 2023 Adjusted Funds from Operations1 of $0.38 Per Share - - Comparable Portfolio RevPAR Growth of 3.6% to the Second Quarter 2022 – - Urban RevPAR Growth of 12.2% to the Second Quarter 2022 – - New York City and Boston were the best performers in the Second Quarter 2023 - PHILADELPHIA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “the Company,” “we” or “our”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results (Unaudited in thousands, except per share amounts) Three Months Ended June 30, 2023 2022 Net Income Applicable to Common Shareholders $ 1,721 $ 2,427 Net Income per Common Share $ 0.04 $ 0.06 Adjusted FFO1 $ 18,087 $ 26,115 Adjusted FFO per common share and OP Unit $ 0.38 $ 0.57 1 Non-GAAP financial measure.
- 08/02/2023
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Give Yourself A Raise: Yield Arbitrage In The Hersha Hospitality Capital Stack
- The article discusses an arbitrage opportunity between Hersha Hospitality Trust 6.875% Series C Preferred and Hersha Hospitality Trust 6.50% Series E Preferred. I highlight the challenges of arbitrage trading within small-cap issues, including illiquidity and low trading volumes. Despite these challenges, I argue that attentive, active investors can achieve superior results through disciplined investment strategies.
- 06/29/2023
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Hersha Hospitality Trust: Undervalued But Financial Performance A Concern
- Hersha Hospitality Trust is a hospitality REIT focused on luxury, upscale, and upper midscale hotels in key markets such as New York City, Boston, Washington D.C., and Philadelphia. The company has recently reinstated its dividend and pays a forward dividend yield of 3.30%, with several valuation metrics indicating that the company is undervalued at present. However, concerns over the company's financial performance, including a declining AFFO over the past few years, make it a "Hold" for investors seeking better opportunities in the hospitality industry.
- 06/20/2023
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Hersha Hospitality Trust: Resilient Portfolio With A Promising Future
- Hersha Hospitality Trust is a real estate investment trust specializing in upscale and luxury hotels. The company has been recovering well after Covid and has been increasing its revenue. After analyzing this company, I believe it is worth investing in.
- 06/12/2023
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Hersha Hospitality Trust to Report Second Quarter 2023 Earnings on August 2, 2023
- PHILADELPHIA, June 12, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the second quarter 2023 after the market close on Wednesday, August 2, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 3, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 06/12/2023
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Hersha Hospitality Trust (HT) Q1 2023 Earnings Call Transcript
- Hersha Hospitality Trust (HT) Q1 2023 Earnings Call Transcript.
- 04/27/2023
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Hersha Hospitality (HT) Lags Q1 FFO Estimates
- Hersha Hospitality (HT) came out with quarterly funds from operations (FFO) of $0.02 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to FFO of $0.06 per share a year ago.
- 04/26/2023
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Hersha Hospitality: Big Selloff Creates Opportunity
- Since the beginning of the month, Hersha has sold off from $8.60/share to the current price of $6.15, despite hotel booking trends improving. Last year, Hersha sold off 9 of their 33 hotels, reducing net debt from $1.1 billion at year-end 2021 to just $405.2 million currently.
- 03/27/2023
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Hersha Hospitality Trust to Report First Quarter 2023 Earnings on April 26, 2023
- PHILADELPHIA, March 20, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the first quarter 2023 after the market close on Wednesday, April 26, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, April 27, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 03/20/2023
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Hersha Hospitality Trust (HT) Investor Presentation - Slideshow
- The following slide deck was published by Hersha Hospitality Trust in conjunction with this event.
- 03/02/2023
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Hotel REIT Hersha Hospitality Trust Results Greatly Improved In 2022
- Hersha Hospitality Trust reported AFFO of $0.34 for 4Q compared to $0.22 in 4Q 2021 on February 15. Guidance for 1Q 2023 is $0.04 to $0.08 AFFO, which is somewhat disappointing.
- 02/20/2023
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Risks Of 'No Landing'
- U.S. equity markets were mixed on a choppy week as investors readjusted expectations for inflation and interest rates following data indicating an uptick in economic activity and persisting price pressures. Posting its first back-to-back weekly declines of the year, the S&P 500 slipped 0.2% this week, but other major benchmarks fared better. The Mid-Cap 400 and Small-Cap 600 both gained.
- 02/19/2023
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Hersha Hospitality Trust (HT) Q4 2022 Earnings Call Transcript
- Hersha Hospitality Trust (NYSE:HT ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Andrew Tamaccio – Investor Relations Neil H. Shah – President and Chief Executive Officer Ashish Parikh – Chief Financial Officer Conference Call Participants Bryan Maher – B.
- 02/16/2023
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Hersha Hospitality (HT) Q4 FFO Lag Estimates
- Hersha Hospitality (HT) delivered FFO and revenue surprises of -5.56% and 1.57%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/15/2023
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2 Great Dividends To Retire In Safety And Splendor
- "Scared Money Don't Make Money" - Bill Napier, Popular college football coach. Safe fixed-income is trading at deep discounts in this bear market.
- 02/10/2023
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Fed Blinks, Finally
- U.S. equity markets extended their rebound this week after the Federal Reserve slowed its pace of interest rate hikes while strong employment data alongside cooling wage pressures supported "soft landing" prospects. Gaining for the fourth week in the past five, the S&P 500 advanced 1.6% while the tech-heavy Nasdaq 100 rallied 3.3% - its fourth-straight week of gains. Small caps soared 5%.
- 02/05/2023
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Hotel REITs: Dividends Are Back
- Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure demand helped to offset a sluggish business and group travel recovery. Hotel revenues eclipsed record highs in 2022, but with wide dispersion between markets and segments.
- 01/25/2023
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What Makes Hersha Hospitality (HT) a New Strong Buy Stock
- Hersha Hospitality (HT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 01/20/2023
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5 Promising Price-to-Book Value Stocks to Buy in 2023
- The P/B ratio helps to identify low-priced stocks that have high growth prospects. Deutsche Bank Aktiengesellschaft (DB), Signet Jewelers (SIG), Unum Group (UNM), Hersha Hospitality Trust (HT) and Sterling Infrastructure (STRL) are some such stocks.
- 01/17/2023
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Down -18.15% in 4 Weeks, Here's Why You Should You Buy the Dip in Hersha Hospitality (HT)
- Hersha Hospitality (HT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- 01/10/2023
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Hersha Hospitality Trust to Report Fourth Quarter 2022 Earnings on February 15, 2023
- PHILADELPHIA, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the fourth quarter 2022 after the market close on Wednesday, February 15, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, February 16, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 01/05/2023
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Sell Hersha Hospitality Preferred Stocks And Buy Pebblebrook Hotel Preferred Stocks
- Pebblebrook Hotel and Hersha Hospitality are both REITs that own extremely similar hotel properties. HT has the most leveraged balance sheet of all hotel REITs that are paying their preferred dividends. This resulted in HT suspending preferred stock dividends for some time during 2020.
- 12/09/2022
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7 Best Hotel Stocks to Buy Now
- The central thesis for buying hotel stocks right now is a belief that demand for travel will continue. And if that's true, then the best hotel stocks will offer investors a combination of value and growth.
- 11/22/2022
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Hersha Hospitality Trust (HT) Q3 2022 Earnings Call Transcript
- Hersha Hospitality Trust (NYSE:HT ) Q3 2022 Earnings Conference Call October 27, 2022 9:00 AM ET Company Participants Andrew Tamaccio - Finance Associate Neil Shah - President & COO Ashish Parikh - CFO & Assistant Secretary Conference Call Participants Michael Bellisario - Robert W. Baird & Co. Dori Kesten - Wells Fargo Securities Aryeh Klein - BMO Capital Markets Bryan Maher - B.
- 10/27/2022
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Check Out A REIT That Just Brought Back Its Dividend After Years - And Another High Yielder In The Sector
- Real Estate Investment Trust REITs have emerged as an efficient diversification strategy to hedge against inflation, offering high dividend yields, strong long-term returns, and liquidity.
- 09/20/2022
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An Impressive Recapitalization At Hersha Hospitality Is Proving Irresistible
- A series of property sales has streamlined Hersha's portfolio and provided new financial flexibility in a resurgent hotel sector. Non-core asset dispositions and a refinanced corporate credit facility reduce consolidated corporate debt by $450MM.
- 09/15/2022
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Hersha Hospitality Trust: Although Uncertainty Exists, Fundamentals Continue To Improve
- Hersha Hospitality Trust has been doing a great job as of late, with sales and cash flows rising nicely as occupancy rates climb. Recent maneuvers have created a great deal of uncertainty, but realistic assumptions show that the company is more likely than not to be attractively priced.
- 09/13/2022
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Hersha Hospitality Trust to Report Third Quarter 2022 Earnings on October 26, 2022
- PHILADELPHIA, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the third quarter 2022 after the market close on Wednesday, October 26, 2022. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, October 27, 2022. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 09/06/2022
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Opportunity Is Knocking For These 2 Fat Dividends
- Your quality of life shouldn't be affected by Mr. Market's mood. Dividends are a valuable asset to buy during market volatility.
- 08/19/2022
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Here's Why Hersha Hospitality (HT) is a Great Momentum Stock to Buy
- Does Hersha Hospitality (HT) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/16/2022
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Is Hersha Hospitality Trust (HT) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/15/2022
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Hersha Hospitality Trust (HT) CEO Jay Shah on Q2 2022 Results - Earnings Call Transcript
- Hersha Hospitality Trust (NYSE:HT ) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Andrew Tamaccio - Director, Investor Relations Neil Shah - President and Chief Operating Officer Jay Shah - Chief Executive Officer Ashish Parikh - Chief Financial Officer Conference Call Participants Tyler Batory - Oppenheimer Dori Kesten - Wells Fargo Michael Bellisario - Baird Eric Field - Jefferies Anthony Powell - Barclays Bill Crow - Raymond James Operator Hello and welcome to the Hersha Hospitality Trust's Second Quarter 2022 Earnings Conference Call and Webcast. My name is Harry and I will be coordinating your call today.
- 08/07/2022
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Hersha Hospitality (HT) Q2 FFO and Revenues Beat Estimates
- Hersha Hospitality (HT) delivered FFO and revenue surprises of 12% and 4.69%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2022
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Buffett Says Make Money While You Sleep, 2 Dividends For A Retirement Dream
- The stock market is a psychological battleground where emotions create more impact than intelligence. A sound and well-rested mind is essential for a happy and prosperous living; The Income Method enables this for you.
- 06/22/2022
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Hersha Hospitality Trust to Report Second Quarter 2022 Earnings on August 3, 2022
- PHILADELPHIA, June 20, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial results for the Second quarter 2022 after the market close on Wednesday, August 3, 2022. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 4, 2022. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 06/20/2022
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Hersha Hospitality Trust (HT) Management on Q1 2022 Results - Earnings Call Transcript
- Hersha Hospitality Trust (NYSE:HT ) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Andrew Tamaccio - Investor Relations Neil Shah - President & Chief Operating Officer Ashish Parikh - Chief Financial Officer Conference Call Participants Dori Kesten - Wells Fargo Tyler Batory - Janney Montgomery Scott David Katz - Jefferies Michael Bellisario - Baird Bill Crow - Raymond James Aryeh Klein - BMO Capital Markets Chris Woronka - Deutsche Bank Anthony Powell - Barclays Operator Hello, every one, and thank you for joining the Hersha Hospitality Trust First Quarter 2022 Earnings Conference Call. My name is Darius and I will be moderating your call today.
- 04/28/2022
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Hersha Hospitality (HT) Q1 FFO Beat Estimates
- Hersha Hospitality (HT) delivered FFO and revenue surprises of 400% and 5.58%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2022
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Does Hersha Hospitality (HT) Have the Potential to Rally 26% as Wall Street Analysts Expect?
- The mean of analysts' price targets for Hersha Hospitality (HT) points to a 25.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 04/06/2022
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Buy Alert: 2 Preferred Shares With Yields Up To 8%
- Preferred shares are opportunistic after the recent selloff.
- 03/29/2022
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Hersha Hospitality Trust to Report First Quarter 2022 Earnings on April 27, 2022
- PHILADELPHIA, March 21, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial results for the first quarter 2022 after the market close on Wednesday, April 27, 2022. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, April 28, 2022. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 03/21/2022
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2 Massive Yields +7%, For Your Peace Of Mind
- There are times when playing defense makes sense; we face one such time.
- 03/20/2022
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Hersha Hospitality Trust (HT) Management on Q4 2021 Results - Earnings Call Transcript
- Hersha Hospitality Trust (HT) Management on Q4 2021 Results - Earnings Call Transcript
- 02/17/2022
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Hersha Hospitality (HT) Beats Q4 FFO and Revenue Estimates
- Hersha Hospitality (HT) delivered FFO and revenue surprises of 100% and 3.66%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/16/2022
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Hersha Hospitality Trust to Report Fourth Quarter 2021 Earnings on February 16, 2022
- PHILADELPHIA, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial results for the fourth quarter 2021 after the market close on Wednesday, February 16, 2022. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, February 17, 2022. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 01/18/2022
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A Look At Hotel REIT Hersha Hospitality Trust As An Inflation Hedge
- Resort travel has been strong this season, but business travel remains weak.
- 01/17/2022
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Hersha Hospitality: Learn From My Falling In Love With A Stock
- I have been a long-time and long-suffering holder of Hersha Hospitality. An earlier period of owning preferred shares was profitable.
- 01/12/2022
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REITs Rally Amid Reopening Rotation
- U.S. equity markets advanced for the fifth-straight week as encouraging employment data, dovish Federal Reserve commentary, and surprising election results powered the major averages to fresh record highs. Closing the week on a seven-day winning streak, the S&P 500 gained 2.0% this week, while the Mid-Cap 400 rallied 4.0% and the Small-Cap 600 surged nearly 7%.
- 11/07/2021
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Small And Midcap Travel Turnarounds
- Small and midcap travel stocks have lagged larger mainstream travel companies by as much as -20% through October 2021.
- 11/02/2021
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Hersha Hospitality Trust (HT) Management on Q3 2021 Results - Earnings Call Transcript
- Hersha Hospitality Trust (HT) Management on Q3 2021 Results - Earnings Call Transcript
- 10/27/2021
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Hersha Hospitality (HT) Surpasses Q3 FFO Estimates
- Hersha Hospitality (HT) delivered FFO and revenue surprises of 83.33% and -1.66%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2021
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Hersha Hospitality: Undervalued Property REIT On The Launching Pad
- Hersha Hospitality: Undervalued Property REIT On The Launching Pad
- 10/19/2021
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Hersha Hospitality: Weighed Down By Debt, The Preferreds Are The Best Way To Tap Into Cash Flows
- HT's portfolio of upscale hotels has been rebounding steadily this year. Unfortunately, five hotels have been sold so far this year in order to fund the REIT's persistent cash burn.
- 10/18/2021
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Think Big Like Billionaire Lee-Chin: 2 Dividends To Buy Now
- Michael Lee-Chin is another legendary investor we can learn valuable lessons from. Buying opportunities to extract value from companies is important.
- 10/14/2021
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Invest Like Buffett: 3 Stocks With Big Cash Flows And High Yields
- Invest Like Buffett: 3 Stocks With Big Cash Flows And High Yields
- 10/07/2021
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Hersha Hospitality Trust to Report Third Quarter 2021 Earnings on October 26, 2021
- PHILADELPHIA, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial results for the third quarter 2021 after the market close on Tuesday, October 26, 2021. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Wednesday, October 27, 2021. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 09/15/2021
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Hersha Hospitality Trust Announces Quarterly Dividends
- PHILADELPHIA, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that its Board of Trustees declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the third quarter ending September 30, 2021. The preferred share dividends are payable October 15, 2021 to holders of record as of October 1, 2021.
- 09/14/2021
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Sell Alert: 2 REITs Getting Risky
- Sell Alert: 2 REITs Getting Risky
- 08/26/2021
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Hersha Hospitality Trust (HT) CEO Jay Shah on Q2 2021 Results - Earnings Call Transcript
- Hersha Hospitality Trust (HT) CEO Jay Shah on Q2 2021 Results - Earnings Call Transcript
- 07/28/2021
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Hersha Hospitality Trust Announces Second Quarter 2021 Results
- - Second Quarter 2021 Net Loss of $0.73 Per Share -- Total Adjusted EBITDA Exceeds Internal Forecast by 98% -- Property Level Cash Flow of $18.3 Million -- Positive Corporate Level Cash Flow Achieved in June -- Comparable Portfolio GOP Margins Exceed 45% in June -
- 07/27/2021
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Hersha Hospitality Trust: Improvements Are Encouraging
- Hersha Hospitality Trust was hit hard by the COVID-19 pandemic, just as the rest of its industry was.
- 07/26/2021
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Is a Surprise Coming for Hersha (HT) This Earnings Season?
- Hersha (HT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 07/23/2021
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Sell Alert: These 2 REITs Aren't Worth Buying
- Sell Alert: These 2 REITs Aren't Worth Buying
- 07/13/2021
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Very Bad News For REIT Investors
- REITs are hitting new all-time highs, but fundamentals remain challenged.
- 06/14/2021
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Hersha Hospitality Trust to Report Second Quarter 2021 Earnings on July 27, 2021
- PHILADELPHIA, June 01, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial results for the second quarter 2021 after the market close on Tuesday, July 27, 2021. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Wednesday, July 28, 2021. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 06/01/2021
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Hersha Hospitality Trust Announces Quarterly Dividends
- PHILADELPHIA, May 27, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that its Board of Trustees declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the second quarter ending June 30, 2021. The preferred share dividends are payable July 15, 2021 to holders of record as of July 1, 2021.
- 05/27/2021
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Hersha Hospitality Trust Provides Operational Update
- - April Property-Level Cash Flow of $3.8 Million - - Successfully Closed on the Sale of the Duane Street Hotel -
- 05/17/2021
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Hersha Hospitality Trust (HT) CEO Jay Shaw on Q1 2021 Results - Earnings Call Transcript
- Hersha Hospitality Trust (HT) CEO Jay Shaw on Q1 2021 Results - Earnings Call Transcript
- 04/30/2021
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Hersha Hospitality Trust Announces First Quarter 2021 Results
- - First Quarter 2021 Net Income of $2.9 Million -- Property Level Cash Flow Increased to $3.7 Million in March -- First Quarter 2021 Occupancy Exceeds Fourth Quarter 2020 Occupancy by 1,300 Basis Points -- First Quarter Portfolio RevPAR Beats Internal Forecast by 34% -
- 04/28/2021
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Don't Touch Hotel REITs With A 10-Foot Pole
- Hotels were struggling before COVID due to a poor industry structure and oversupply. Now that financial stress is added on top, the outlook is rather grim.
- 04/13/2021
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A New Sell And Buy Alert: Net Lease REITs
- A New Sell And Buy Alert: Net Lease REITs
- 04/13/2021
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2 REITs That Could Triple In The Recovery
- 2 REITs That Could Triple In The Recovery
- 04/06/2021
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2 Risky REITs That We Sold Recently
- 2 Risky REITs That We Sold Recently
- 03/31/2021
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Important Warning To REIT Investors
- Important Warning To REIT Investors
- 03/27/2021
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Hersha Hospitality Trust to Report First Quarter 2021 Earnings on April 28, 2021
- PHILADELPHIA, March 15, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial results for the first quarter 2021 after the market close on Wednesday, April 28, 2021. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, April 29, 2021. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 03/15/2021
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When Rental Properties Are Better Investments Than REITs
- I prefer to invest in REITs than rentals in most cases. However, exceptions exist, and I still occasionally invest in rentals.
- 03/13/2021
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Hersha Hospitality Trust Provides Operational Update
- - February Results Outperform Forecasts - - Asset Sale Closings for Two Hotels - - Announces First Quarter and Accrued Preferred Dividend Distribution -
- 03/09/2021
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Should You Buy the Travel Stocks?
- Travel companies are beginning to see green shoots as coronavirus vaccines roll out around the world. Is there still time to get in?
- 02/25/2021
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Hersha Hospitality Trust's (HT) Q4 2020 Results - Earnings Call Transcript
- Hersha Hospitality Trust's (HT) Q4 2020 Results - Earnings Call Transcript
- 02/24/2021
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Hersha Hospitality: Potential Return Of The Preferred Dividends
- Hersha Hospitality's recent credit facility amendment announcement indicates the payout of accrued preferred dividends. The company has been selling its hotels at low cap rates (2019 NOI) and high 2019 EBITDA multiples.
- 02/24/2021
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Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2020 Results
- - Fourth-Quarter 2020 COVID-19 Impact Loss of $1.16 Per Share -- Successfully Amends Senior Credit Facility -- Covenant Waivers Extended Through March 31, 2022 -- Closed $200 Million Unsecured Notes Placement -- Binding Sales Agreements on Six Hotels Totaling $216 Million -- Company Realized Positive Portfolio Level EBITDA in January -
- 02/23/2021
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Great News For REITs
- Most REIT investors focus on the rising interest rates, which is generally bad news for REITs. But they ignore the other side of the story, which is that the economy is now recovering from the pandemic.
- 02/22/2021
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Hersha Hospitality Trust Provides Capital Allocation Update
- - $200 Million Unsecured Notes Placement - - Successfully Amends Senior Credit Facility - - Covenant Waivers Extended Through March 31, 2022 - - Binding Sales Agreements on Six Hotels Totaling $216 Million -
- 02/17/2021
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Hersha Hospitality Trust Announces Fourth Quarter 2020 Earnings Call Time Change
- PHILADELPHIA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that it has changed the timing of its previously announced earnings conference call. The Company will now host a conference call to discuss results for the fourth quarter 2020 at 8:00 AM Eastern Time on Wednesday, February 24, 2021. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 02/01/2021
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Hersha Hospitality Trust Announces Dividend Classification for 2020
- PHILADELPHIA, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT); (“Hersha” or “the Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced the tax classification of its Priority Class A Common Share (“Common Shares”), Series C Cumulative Redeemable Preferred Share (“Series C Preferred Shares”), Series D Cumulative Redeemable Preferred Share (“Series D Preferred Shares”) and Series E Cumulative Redeemable Preferred Share (“Series E Preferred Shares”) distributions for 2020 for Federal income tax reporting purposes. The tax information provided below should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors as to the tax treatment of the distributions.
- 01/19/2021
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Hersha Hospitality Trust to Report Fourth Quarter 2020 Earnings on February 23, 2021
- PHILADELPHIA, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that the Company will release its financial results for the fourth quarter 2020 after the market close on Tuesday, February 23, 2021. The Company will host a conference call to discuss these results at 10:00 AM Eastern Time on Wednesday, February 24, 2021. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.
- 01/13/2021
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Ashford Preferreds: Switch To Hersha
- We have previously made the case for swapping from Ashford common shares to the preferred shares. We think the cautious investor could move further upscale, and trot into Hersha Hospitality.
- 01/10/2021
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Hersha Hospitality Trust Sells Courtyard San Diego For $64.5 Million
- PHILADELPHIA, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced it entered into a binding sales agreement on the 245-room Courtyard San Diego for $64.5 million resulting in a net book gain approximating $5.4 million. The Courtyard San Diego has no property-level debt and will result in net proceeds of $64.5 million which will be utilized to repay borrowings under the Company's credit facilities.
- 01/04/2021
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Hersha Hospitality Trust: A Riskier Kind Of REIT
- Hersha Hospitality Trust has proven itself to be an interesting REIT in recent years. The company's performance isn't bad, but it could certainly be better, especially now.
- 01/01/2021
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We Are Selling A Few REITs
- We Are Selling A Few REITs
- 12/14/2020
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Hersha Hospitality Trust (HT) CEO Jay Shah on Q3 2020 Results - Earnings Call Transcript
- Hersha Hospitality Trust (HT) CEO Jay Shah on Q3 2020 Results - Earnings Call Transcript
- 11/10/2020
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Here's Why My REITs Beat Your REITs
- Over the last several years we've seen larger equity REITs consistently outperform, but the gap becomes even larger with the recession.
- 09/14/2020
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Hersha Hospitality Trust (HT) Investor Presentation - Slideshow
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Goldman Thinks You're Wrong for Not Buying These Stocks
- Goldman says the rest of Wall Street is wrong about several stocks and investors should buy them. The bank might be too optimistic.
- 08/18/2020
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Hersha Hospitality: Nice Execution, Keep Calm And Hang On To The Preferreds
- Hersha Hospitality preferred securities still trade at roughly half the par value. The distributions are suspended currently, but they are cumulative.
- 08/18/2020
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Important Warning To All REIT Investors
- This article is meant to warn those of you who haven't studied REIT history and lack an understanding of the full picture.
- 08/18/2020
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New Strong Sell Stocks for August 11th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 08/11/2020
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Hersha (HT) Surges: Stock Moves 9.7% Higher
- Hersha (HT) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.
- 08/11/2020
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Janney Montgomery Scott LLC Purchases Shares of 4,875 Hilton Hotels Co. (NYSE:HLT)
- Janney Montgomery Scott LLC acquired a new position in Hilton Hotels Co. (NYSE:HLT) during the second quarter, HoldingsChannel.com reports. The fund acquired 4,875 shares of the company’s stock, valued at approximately $358,000. Several other hedge funds and other institutional investors have also recently bought and sold shares of HLT. Cerebellum GP LLC purchased a new […]
- 08/11/2020
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Short Interest in Hilton Hotels Co. (NYSE:HLT) Drops By 7.0%
- Hilton Hotels Co. (NYSE:HLT) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 9,570,000 shares, a decrease of 7.0% from the June 30th total of 10,290,000 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average trading volume of […]
- 08/09/2020
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Hersha Hospitality (HT) Gets a Hold Rating from Jefferies - Markets
- In a report issued on August 5, David Katz from Jefferies maintained a Hold rating on Hersha Hospitality (HT –
- 08/09/2020
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No Deal, No Problem
- U.S. equity markets continued their seemingly relentless rally this week despite a stalemate in stimulus negotiations as an encouraging slate of employment data quelled concerns about an ebbing recovery.
- 08/08/2020
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It's 'Still' Not The Time To Be A High-Yield REIT Investor
- REITs are still a worthwhile category to consider. COVID-19 hasn’t changed that fact.
- 08/08/2020
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A Look At Hersha Hospitality Trust's (NYSE:HT) Share Price Returns
- Hersha Hospitality Trust (NYSE:HT) shareholders will doubtless be very grateful to see the share price up 35% in the...
- 08/07/2020
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Pilot paying $2,500 for quarantine served baked beans for brekkie
- The international pilot, who had been on a roster working out of Asia and has not seen his family in five months, is now in quarantine at the five-star Intercontinental Hotel in Perth.
- 08/06/2020
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Hersha Hospitality (HT) Reports Q2 Loss, Lags Revenue Estimates
- Hersha Hospitality (HT) delivered FFO and revenue surprises of -16.98% and -24.59%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/05/2020
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Hersha Hospitality Trust Announces Second Quarter 2020 Results
- \- Hotel and Corporate Cash Burn Rates Better than Forecasted - \- Monthly Occupancy Levels Improve During Quarter - \- Open NYC Hotels Generate 61% Occupancy in the Second Quarter - \- 33 of the Company’s 48 Hotels Open and Operational -PHILADELPHIA, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality upscale and lifestyle hotels in urban gateway markets and resort destinations, today announced results for the second quarter ended June 30, 2020.Second Quarter 2020 Financial ResultsNet loss applicable to common shareholders was approximately ($67.5 million), or ($1.75) per diluted common share, in the second quarter 2020, compared to net loss applicable to common shareholders of approximately ($0.4 million), or ($0.02) per diluted common share, in the second quarter 2019. The decrease in second quarter 2020 net income and net income per diluted common share is due to the unprecedented impact on the travel industry from the COVID-19 pandemic.AFFO in the second quarter 2020 decreased by $60.3 million, or 180.2%, to ($26.8 million), compared to $33.4 million in the second quarter 2019. AFFO per diluted common share and OP Unit in the second quarter 2020 was ($0.62). An explanation of certain non-GAAP financial measures used in this press release, including, among others, AFFO, as well as reconciliations of those non-GAAP financial measures, to GAAP net income, is included at the end of this press release. Mr. Jay H. Shah, Hersha’s Chief Executive Officer, stated, “The second quarter proved to be one of the most challenging in history and will mark the trough for the U.S. economy during this crisis. The hotel industry continues to be significantly impacted by the pandemic, but we saw encouraging relative performance from the portfolio as a result of the immediate and aggressive measures implemented in collaboration with our operating partners to limit our losses. We remain focused on liquidity preservation and minimizing our cash burn rates through attentive corporate and hotel level operating strategies that were executed at the onset of the crisis. Our relationship with our independent franchise operators allowed us to enact cost-saving initiatives in real-time to maintain operations at 21 comparable hotels with a nominal staff in the initial months following the demand shock. Our unique owner-operator relationship allowed us to immediately kickstart reopening strategies in our markets as demand trends improved over the balance of the second quarter and July. As of August 1st, we have 33 of 48 hotels open including sought after drive-to properties such as the Sanctuary Beach Resort in Monterey and core urban assets such as The Envoy in Boston.” Mr. Shah continued, “We remain encouraged by the performance of our drive-to hotels and resorts, which account for 25% of our portfolio EBITDA. We are happy to have this asset mix in our portfolio during this challenging period, but we remain confident in the long-term fundamentals of our purpose-built clusters in core gateway markets. Visitation to urban destinations is not currently top of mind for travelers, but these cities are battle-tested in prior demand shocks such as September 11th and the Great Financial Crisis, and their resiliency was proved out with visitation returning in short order following these catastrophic events. We expect to have substantially all of the portfolio hotels operating by the end of September and now more than ever, our ability to stay nimble and leverage our flexible operating model in close connection with our independent franchise operators allows us to reopen and operate our hotels in a cost-efficient manner, gives us the opportunity to reduce our cash burn rates and breakeven levels, and sets up our portfolio to generate cash flow as we continue to navigate this recovery.” Second Quarter 2020 Operating ResultsThe Company had 21 comparable hotels fully open and operational throughout the second-quarter, which generated 33.7% occupancy and an average daily rate of $133.47. Our open New York City hotels, which constitutes the 5 boroughs, generated 61.0% occupancy during the second-quarter, highlighted by our select-service offerings in the JFK sub-market and our Hampton Inn Seaport which ended the quarter with 94.9% occupancy. On the West Coast, The Sanctuary Beach Resort just north of Monterey, ended the second quarter with an average daily rate of $340.28 and occupancy of 71.2%. As of August 1, 2020, 15 of the Company’s 48 hotels continued to have suspended operations due to the COVID-19 pandemic. We anticipate all but 4 of these closed hotels will be open by mid-September. Please find additional details of Hersha’s hotel reopening plan in the quarterly supplemental report published along with this release on our corporate website.Cash BurnEntering the second-quarter, the Company anticipated it would lose approximately $11 million per month based on forecasted trends. Burn rates throughout the quarter improved from $10.5 million in April to $7.8 million during June, a 26% decline, bringing the total cash loss for the second quarter to $26.9 million, approximately 13% better than forecasted at the beginning of the quarter.FinancingThe Company completed the second quarter 2020 with approximately $23.2 million of cash and cash equivalents. At the end of the second-quarter, the Company had drawn $95 million of its $250 million Senior Revolving Line of Credit. As of June 30, 2020, 85.0% of the Company’s consolidated debt was fixed rate debt or hedged through interest rate swaps and caps. The Company’s total consolidated debt had a weighted average interest rate of approximately 3.70% and a weighted average life-to-maturity of approximately 3.2 years.Rest Assured™During the second quarter, Hersha launched its health and safety program, Rest Assured™, at each of its portfolio hotels. The newly implemented cleanliness program is focused on utilizing advanced cleaning practices to ensure the well-being of guests, associates, and the communities in which the Company operates. These protocols are complemented by innovative technologies to streamline the guest experience and support transparent communication before and throughout the duration of guests’ stays.Full-Year 2020 Outlook Due to the uncertainty surrounding the lodging industry stemming from the COVID-19 pandemic, the Company has suspended its full-year 2020 guidance.Second Quarter 2020 Conference CallThe Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 6, 2020. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.A live audio webcast of the conference call will be available on the Company’s website at www.hersha.com. The conference call can be accessed by dialing 1-888-317-6003 or 1-412-317-6061 for international participants and entering the passcode 9039763 approximately 10 minutes in advance of the call. A replay of the call will be available from 11:00 AM Eastern Time on Thursday, August 6, 2020, through 11:59 PM Eastern Time on Saturday, September 5, 2020. The replay can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 for international participants. The passcode for the replay is 10145491. A replay of the webcast will be available on the Company’s website for a limited time.About Hersha Hospitality TrustHersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company's common shares are traded on The New York Stock Exchange under the ticker “HT.” Non-GAAP Financial Measures and Key Performance MetricsCommon key performance metrics utilized by the lodging industry are occupancy, average daily rate ("ADR"), and revenue per available room ("RevPAR"). Occupancy is calculated as the percentage total rooms sold compared to rooms available to be sold, while ADR measures the average rate earned per occupied room, calculate as total room revenue divided by total rooms sold. RevPAR is a derivative of these two metrics which shows the total room revenue earned per room available to be sold. Management uses these metrics in comparison to other hotels in our self-defined competitive peer set within proximity to each of our hotel properties.An explanation of Funds from Operations (“FFO”), AFFO, Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”), EBITDAre, Adjusted EBITDA and Hotel EBITDA, as well as reconciliations of such non-GAAP financial measures to the most directly comparable U.S. GAAP measures, is included at the end of this release.Cautionary Statements Regarding Forward Looking Statements Certain matters within this press release are discussed using “forward-looking statements,” including those with regard to the potential future impact of COVID-19, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements.
- 08/05/2020
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Analysts Offer Insights on Services Companies: Donnelley Financial Solutions (NYSE: DFIN) and Hyatt Hotels (NYSE: H) - Markets
- Companies in the Services sector have received a lot of coverage today as analysts weigh in on Donnelley Financial Solutions
- 08/05/2020
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Marriott to manage world’s first all-inclusive Delta Hotels resort [Construction Report]
- The existing 117-room Grand Matlali Hills Resort & Spa resort in Riviera Nayarit, Mexico will be completely revamped to fit the new all-inclusive brand extension concept of Delta Hotels by Marriott.
- 08/05/2020
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Hyatt Hotels Earnings: H Stock Stalls as Q2 Results Miss Estimates
- Hyatt Hotels (H) earnings for the hotel chain company's second quarter of the year have H stock stalled after-hours Monday.
- 08/03/2020
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Hunting For Bargains In The Nasdaq 100
- Analysis of NASDAQ 100 yields 23 stocks trading below 200-Day SMA. Micron and Western Digital may have room to run in second half of CY 2020.
- 08/03/2020
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State Street Corp Sells 179,716 Shares of Hersha Hospitality Trust (NYSE:HT)
- State Street Corp reduced its stake in shares of Hersha Hospitality Trust (NYSE:HT) by 9.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,686,135 shares of the real estate investment trust’s stock after selling 179,716 shares during the period. State Street Corp owned approximately 4.36% of Hersha […]
- 08/03/2020
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The Conrad N. Hilton Foundation Announces Homeboy Industries as the 2020 Recipient of the Annual Humanitarian Prize
- The Conrad N. Hilton Foundation is pleased to announce that the Los Angeles-based, nonprofit organization Homeboy Industries has been chosen as the 20
- 08/03/2020
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Brokerages Set Hersha Hospitality Trust (NYSE:HT) Target Price at $6.29
- Hersha Hospitality Trust (NYSE:HT) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued ratings […]
- 08/02/2020
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Hersha Hospitality Trust (NYSE:HT) Shares Acquired by New York State Teachers Retirement System
- New York State Teachers Retirement System lifted its holdings in shares of Hersha Hospitality Trust (NYSE:HT) by 125.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,800 shares of the real estate investment trust’s stock after purchasing an additional 58,800 shares during the quarter. […]
- 08/02/2020
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Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Holdings in Hilton Hotels Co. (NYSE:HLT)
- Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Hilton Hotels Co. (NYSE:HLT) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,928 shares of the company’s stock after selling 5,155 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hilton Hotels were […]
- 08/01/2020
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DAVENPORT & Co LLC Has $1.40 Million Stock Position in Marriott International Inc (NASDAQ:MAR)
- DAVENPORT & Co LLC reduced its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 16.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,272 shares of the company’s stock after selling 3,176 shares during the quarter. DAVENPORT & Co LLC’s […]
- 08/01/2020
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Zurcher Kantonalbank Zurich Cantonalbank Sells 11,719 Shares of Marriott International Inc (NASDAQ:MAR)
- Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Marriott International Inc (NASDAQ:MAR) by 16.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,252 shares of the company’s stock after selling 11,719 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings […]
- 08/01/2020
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Marriott renews APAC commitment as 800th property launches [Construction Report]
- Marriott International has expressed confidence in the future prospects for Asia-Pacific’s hotels following the launch of a milestone property in the region, the JW Marriott Nara in Japan.
- 08/01/2020
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The jobs report and congressional politics may matter more for markets than earnings in the week ahead
- The market could lose some exuberance as the calendar turns to August, and investors await Friday's July employment report.
- 07/31/2020
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New Ritz-Carlton hotel showcases splendour of Unesco-listed region
- The Ritz-Carlton Hotel Company, part of Marriott International, has opened a spectacular new property set amidst the Unesco-listed Nikko region of Japan.
- 07/28/2020
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Hilton Hotels Co. (NYSE:HLT) Shares Sold by Redpoint Investment Management Pty Ltd
- Redpoint Investment Management Pty Ltd reduced its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,874 shares of the company’s stock after selling 634 shares during the period. Redpoint Investment Management Pty […]
- 07/21/2020
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Advisor Group Holdings Inc. Purchases Shares of 7,210 Hyatt Hotels Co. (NYSE:H)
- Advisor Group Holdings Inc. purchased a new stake in Hyatt Hotels Co. (NYSE:H) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,210 shares of the company’s stock, valued at approximately $346,000. A number of other large investors have also recently made changes […]
- 07/17/2020
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Ritholtz Wealth Management Takes $69,000 Position in Hersha Hospitality Trust (NYSE:HT)
- Ritholtz Wealth Management acquired a new stake in shares of Hersha Hospitality Trust (NYSE:HT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,956 shares of the real estate investment trust’s stock, valued at approximately $69,000. Several other institutional investors also recently bought and […]
- 07/17/2020
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TherapeuticsMD and Nurx Expand Access to ANNOVERA®
- TXMD expands access to Annovera through arrangement with Nurx, the largest online practice for women's health
- 07/15/2020
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The future of workplaces: how Covid-19 will transform office life
- Say goodbye to big meetings and staff socials for now and expect staggered workdays and your temperature taken regularly
- 07/14/2020
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Patriot Financial Group Insurance Agency LLC Boosts Stake in Hilton Hotels Co. (NYSE:HLT)
- Patriot Financial Group Insurance Agency LLC lifted its position in Hilton Hotels Co. (NYSE:HLT) by 178.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 512 shares of the company’s stock after acquiring an additional 328 shares during the period. Patriot Financial Group Insurance Agency LLC’s […]
- 07/14/2020
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Important Warning To All REIT Investors
- It appears that REITs are going for another crash. Many REITs are down by 25 - 50% over the past month alone.
- 07/13/2020
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5 New Houses For Sale In The Washington DC Area
- Look inside the latest houses available in the Washington DC area.
- 07/12/2020
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DNB Asset Management AS Has $2.03 Million Stock Holdings in Hilton Hotels Co. (NYSE:HLT)
- DNB Asset Management AS increased its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,621 shares of the company’s stock after buying an additional 614 shares during the period. DNB […]
- 07/12/2020
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Hersha Hospitality Trust (HT): Hedge Funds Taking Some Chips Off The Table
- We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
- 07/06/2020
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NASDAQ 100- Confira as 5 ações que mais desvalorizaram em junho
- O Nasdaq 100 fechou as negociações da última terça-feira (30) em alta de 0,48%, a 3.044,31 pontos, uma alta histórica. Clique para ver mais.
- 07/05/2020
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18,663 Shares in Hilton Hotels Co. (NYSE:HLT) Acquired by Advisor Group Holdings Inc.
- Advisor Group Holdings Inc. acquired a new position in shares of Hilton Hotels Co. (NYSE:HLT) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,663 shares of the company’s stock, valued at approximately $1,270,000. Several other institutional investors also recently modified their holdings of the stock. WASHINGTON […]
- 07/05/2020
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ValuEngine Upgrades Marriott International (NASDAQ:MAR) to “Buy”
- Marriott International (NASDAQ:MAR) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday, ValuEngine reports. Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada cut shares of Marriott International from an “outperform” rating to a “sector perform” […]
- 07/03/2020
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Lendio Facilitates $8 Billion in Paycheck Protection Program Loans to 100,000 Small Businesses (Infographic)
- Online lending platform Lendio announced on Wednesday it has facilitated $8 billion in Paycheck Protection Program (PPP) loans for 100,000 small businesses to d
- 07/02/2020
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Wall Street dopée par l'emploi, record pour le Nasdaq
- PARIS (Reuters) - La Bourse de New York a ouvert en nette hausse jeudi avec à la clé un record pour le Nasdaq, les espoirs de reprise économique l'emportant sur les craintes sanitaires après le rebond plus important que prévu des créations d'emplois.
Quelques minutes après le début des échanges, l'indice Dow Jones gagne 390,13 points, soit 1,52%, à 26
- 07/02/2020
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Wall Street : Wall Street dopée par l'emploi, record pour le Nasdaq
- PARIS (Reuters) - La Bourse de New York a ouvert en nette hausse jeudi avec à la clé un record pour le Nasdaq, les espoirs de reprise économique l'emportant …
- 07/02/2020
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BOURSE-Wall Street dopée par l'emploi, record pour le Nasdaq
- PARIS, 2 juillet (Reuters) - La Bourse de New York a ouvert
en nette hausse jeudi avec à la clé un record pour le Nasdaq,
les espoirs de reprise économique l'emportant sur les craintes
sanitaires après le rebond plus important que prévu des
créations d'emplois.
Quelques minutes après le début des échanges, l'indice Dow
Jones
- 07/02/2020
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Covid corollary: Hotels take guest services to the doorstep
- From food delivery to laundry services and DIY meal kits with measured and prepped ingredients, luxury hotel chains are taking their services to people’s homes
- 07/02/2020
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6 Dividend Stocks Insiders Recently Bought Big
- Studies have shown that buying when insiders bet big on their company's stock produces significant outperformance. In an extended low interest rate environment,
- 07/02/2020
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Hall of Fame Resort & Entertainment Company Completes Merger, Creating a Premier Sports, Entertainment and Media Enterprise Centered on the World's Largest Source of Professional Football Information | | IT Business Net
- Gordon Pointe Acquisition Corp. Completes Business Combination with HOF Village, LLC Combined Company Renamed Hall of Fame Resort & Entertainment Company Combined Company Will Begin Trading on NAS
- 07/02/2020
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5 Upcoming Open Houses In The Washington DC Area
- See the latest properties to hit the open-house circuit near you.
- 07/01/2020
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Hall of Fame Resort & Entertainment Company : Completes Merger, Creating a Premier Sports, Entertainment and Media Enterprise Centered on the World's Largest Source of Professional Football Information | MarketScreener
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Lendio Facilitates $8 Billion in PPP Loans to 100,000 Small Businesses
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Ryman Hospitality Properties, Inc. Announces Second Quarter 2020 Earnings Conference Call – Tuesday, August 4th, 2020, 10 a.m. ET | MarketScreener
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Protea Hotel by Marriott Masa Square opens in Gaborone
- The opening marks the expansion of the Protea Hotels by Marriott brand into its tenth African country, and the debut of the brand in Botswana.
- 07/01/2020
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The Joint Corp. Opens Two Corporately Managed Greenfield Clinics | MarketScreener
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Clearbridge Investments LLC Sells 588 Shares of Marriott International Inc (NASDAQ:MAR)
- Clearbridge Investments LLC cut its holdings in Marriott International Inc (NASDAQ:MAR) by 19.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,373 shares of the company’s stock after selling 588 shares during the quarter. Clearbridge Investments LLC’s holdings in Marriott International were […]
- 07/01/2020
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For And Against Speculative REITs
- We discuss how one might identify a REIT as speculative. We consider why one might want to invest in such REITs. We use a screen to identify likely speculative
- 07/01/2020
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The Joint Corp. Opens Two Corporately Managed Greenfield Clinics
- Increases Corporate Clinic Count to 63 as of July 1, 2020
- 07/01/2020
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Bali hotels on sale at discounts as virus hits tourism
- GONE are the Australian surfers and Chinese tour groups. Also missing are yoga aficionados seeking inner peace. Read more at The Business Times.
- 06/30/2020
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Element Orlando Universal Blvd Opens Near Orange County Convention Center Orlando
- The new extended-stay hotel focuses on active and health-conscience travelers.
ORLANDO, Fla. (PRWEB) June 30, 2020
The Element Orlando Universal Blvd , part of the Marriott International brand of hotels, opens at ICON Park in Orlando, FL on June 29, 2020. The eight-story hotel features 165 guest suites with its focus on sustainability, wellness, and caters to today's healthy and active traveler.
The guest rooms of the new extended-stay hotel in Orlando are ideally suited for business and leisure travelers. The hotel features 165 studio and one-bedroom suites that offer fully-equipped energy-efficient kitchens with full-sized Energy-Star rated appliances. Standard room kitchenettes feature microwaves, mini-fridges, and toaster ovens. All guest rooms and suites include 55" LCD TVs with access to Netflix, ergonomic workspaces, free Wi-Fi, spa-inspired bathrooms, and signature Heavenly Beds. For furry travel companions, the pet-friendly hotel also provides signature pet amenities such as treats, bowls, and beds for dogs.
Owned, developed, and operated by Peachtree Hotel Group , guests will enjoy Element Orlando Universal Blvd's signature complimentary breakfast bar, Rise, which features healthy food options, and Relax, its evening complimentary cocktail reception that features organic wine and beer. Our on-site store, Restore Pantry, provides gourmet and healthy snacks. For...
- 06/30/2020
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Geelong wary of new Suns gun Rowell
- Rowell this week became the first player since Josh Kennedy in 2012 to poll perfect scores in three straight matches.
- 06/30/2020
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Critical Survey: Twin River Worldwide (NYSE:TRWH) and Hilton Hotels (NYSE:HLT)
- Twin River Worldwide (NYSE:TRWH) and Hilton Hotels (NYSE:HLT) are both consumer discretionary companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, dividends, analyst recommendations, risk, profitability and earnings. Volatility & Risk Twin River Worldwide has a beta of 2.16, indicating that its […]
- 06/30/2020
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Why Shares of Marriott International, MGM Resorts, and Eldorado Resorts Rose Today | The Motley Fool
- Travel and tourism stocks did well in a rising market on Monday.
- 06/29/2020
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Geelong wary of new AFL gun Rowell
- Geelong will pay close attention to Gold Coast sensation Matt Rowell in Saturday's AFL clash at GMHBA Stadium.
- 06/29/2020
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How to build an investment portfolio that supports racial justice
- Measuring the social impact of your stocks and bonds is not always easy, but there are still many tools to help you promote racial equity with your investments.
- 06/29/2020
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Eagles unfazed by AFL uncertainty
- Already impacted heavily, Queensland-hub-based West Coast are viewing a last-minute change to their AFL schedule as just another COVID-19 challenge.
- 06/29/2020
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The statistic that shames Melbourne
- At least 30 per cent of people who have gone through hotel quarantine in Victoria have refused to take a test. Compared to less than two per cent in New South Wales.
- 06/29/2020
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Marriott to expand, continue food delivery biz even after COVID-19
- Leading hotel chain Marriott International, which has seen its business plunge over 90 per cent across its 123 properties since the lockdown, will expand and continue its delivery and take-away business even after the pandemic-induced lockdown and social distancing end, as it does not see normalcy turtling back anytime soon
- 06/29/2020
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Selling Abates But Market Remains Cautious As Virus Cases Continue To Climb
- Although coronavirus cases continue to rise, Wall Street seems to be pausing its selloff. Boeing shares are flying high after news that FAA flight tests could begin today.
- 06/29/2020
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Fixture chaos: Eagles clash moved after Vic travel ban
- UPDATE: West Coast’s round five clash with Richmond has been postponed following a second wave of coronavirus cases in Victoria, with the Eagles now set to face Sydney on Saturday.
- 06/28/2020
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Fans can find a view of games, even if they aren’t allowed in baseball stadiums
- A bar under the center field seats at Fenway Park, a hotel in Toronto, a bridge in Pittsburgh are among the places fans may be able to watch major league games this season.
- 06/28/2020
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5 New Properties For Sale In The Washington DC Area
- Look inside the latest homes on the market in the Washington DC area.
- 06/28/2020
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New knotholes: Good MLB views, if fans know where to look
- BOSTON (AP) — Tucked under the center field seats at Fenway Park, down some stairs from Lansdowne Street in an area previously used as the visiting team’s batting cage, is a sports bar that is preparing to reopen from the coronavirus shutdown. Largely windowless and decorated with sepia photographs hung on dark wooden walls, the main source of light is the sunshine streaming in through a thick metal screen that reveals the true treasure of the location: a view of the Boston Red Sox field, from Green Monster to Pesky Pole, that could make the Bleacher Bar one of the few spots to watch a major league game in person this season. “It’s one of a kind. It really is,” said Joe Hicks, who runs the restaurant and three others in the area. “Kids and families, they get excited when they walk in here and they see how cool this is. People, they walk in and they’re just naturally happy. “Being able to see inside the park, it doesn’t get much better than that.” Major League Baseball suspended spring training on March 12, and the season that was scheduled to open on March 26 never did. Last week, players and owners reached an agreement to play an abbreviated, 60-game season that would start July 23 or 24 in teams’ home ballparks. But they’re not yet ready to crowd the seats with tens of thousands of fans. Instead, those hoping to see a game in person may have to settle for places like the Bleacher Bar, the Rogers Centre hotel or the Wrigley rooftops, pressing their face up to the windows or squinting through fences like the Knothole Gangs of yore. The Roberto Clemente Bridge provides a look into PNC Park and a hotel in Baltimore might offer rooms with a view of the field at Camden Yards. “There is some irony in the fact that the kind of social areas that...
- 06/28/2020
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New knotholes: Good MLB views, if fans know where to look
- BOSTON (AP) - Tucked under the center field seats at Fenway Park, down some stairs from Lansdowne Street in an area previously used as the visiting team's batting cage, is a sports bar that is preparing to reopen from the coronavirus shutdown.
Largely windowless and decorated with sepia photographs hung on dark wooden walls, the main source of light is the sunshine streaming in through a thick metal screen that reveals the true treasure of the location: a view of the Boston Red Sox field, from Green Monster to Pesky Pole, that could make the Bleacher Bar one of the few spots to watch a major league game in person this season.
"It's one of a kind. It really is," said Joe Hicks, who runs the restaurant and three others in the area. "Kids and families, they get excited when they walk in here and they see how cool this is. People, they walk in and they're just naturally happy.
"Being able to see inside the park, it doesn't get much better than that."
Major League Baseball suspended spring training on March 12, and the season that was scheduled to open on March 26 never did. Last week, players and owners reached an agreement to play an abbreviated, 60-game season that would start July 23 or 24 in teams' home ballparks.
But they're not yet ready to crowd the seats with tens of thousands of fans.
Instead, those hoping to see a game in person may have to settle for places like the Bleacher Bar, the Rogers Centre hotel or the Wrigley rooftops, pressing their face up to the windows or squinting through fences like the Knothole Gangs of yore.
The Roberto Clemente Bridge provides a look into PNC Park and a hotel in Baltimore might offer rooms with a view of the field at Camden Yards.
"There is some irony in the fact that the kind of social areas that...
- 06/28/2020
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New knotholes: Good MLB views, if fans know where to look
- BOSTON (AP) — Tucked under the center field seats at Fenway Park, down some stairs from Lansdowne Street in an area previously used as the visiting team’s batting cage, is a sports bar that is...
- 06/28/2020
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Marriott to expand, continue food delivery biz even after COVID-19
- The American group runs 123 hotels under 16 brands in the country, offering a little over 24,000 rooms. As the lockdown was extended four times, the hotel explored newer options and landed upon the idea of home delivery of food under a new vertical 'Marriott on Wheels' and soon it roped in food delivery chains Zomato and Swiggy and is keen to continue and expand this model in the long term.
- 06/28/2020
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AQR Capital Management LLC Has $7.11 Million Holdings in Hilton Hotels Co. (NYSE:HLT)
- AQR Capital Management LLC lessened its holdings in Hilton Hotels Co. (NYSE:HLT) by 61.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,230 shares of the company’s stock after selling 168,528 shares during the period. AQR Capital Management LLC’s holdings […]
- 06/28/2020
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State of Tennessee Treasury Department Has $4.53 Million Position in Hilton Hotels Co. (NYSE:HLT)
- State of Tennessee Treasury Department lessened its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 28.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 66,340 shares of the company’s stock after selling 25,958 shares during the period. State of Tennessee Treasury Department’s holdings in Hilton Hotels […]
- 06/28/2020
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‘The toilet roll covers are gone’: How to reopen a five-star Dublin 4 hotel
- On Monday, the InterContinental hotel welcomes its first guests in 3 months
- 06/28/2020
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Four men charged for alleged attempt to topple Jackson statue near White House
- The Jackson statue is located in Lafayette Square, the site of protests following the police killing of George Floyd
- 06/28/2020
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New knotholes: Good MLB views, if fans know where to look
- BOSTON - Tucked under the centre field seats at Fenway Park, down some stairs from Lansdowne Street in an area previously used as the visiting team’s ...
- 06/28/2020
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Midas Hospitality expands footprint with new tech-driven hotel
- Hotel development, management and investment firm Midas Hospitality has unveiled the first Aloft property in the St. Louis region.
- 06/27/2020
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Sustainable leaders have these traits in common
- They are able to identify the economic benefit of focusing on solving ESG issues.
- 06/26/2020
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Hawaii Tourism Authority begins search for new President and CEO
- The Hawaii Tourism Authority (HTA), the state’s tourism agency, announced today it is seeking a new President and Chief Executive Officer (CEO). The HTA | eTurboNews | Trends | Travel News | Hawaii Travel News
- 06/26/2020
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Gaylord Hotels Re-Open Today - Rus Tourism News
- Today marks a significant milestone in the return to business of the U.S. hotel industry, as three Gaylord Hotels reopen their doors.
- 06/26/2020
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3 of the Best Hotel Stocks to Buy as Vacation Travel Ramps Up
- Improving demand trends over the rest of the year are likely to boost the prices of these three hotel stocks.
- 06/26/2020
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New President of Marriott’s Caribbean Region - Rus Tourism News
- Marriott International announced that company executive Brian King has been appointed President of the company’s Caribbean and Latin America region.
- 06/26/2020
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This chart shows how the coronavirus attacked Mass. and has been fended off — at least for now - The Boston Globe
- New charts released by John Hopkins University epidemiologists demonstrate how the coronavirus outbreak played out in Massachusetts and across the country.
- 06/26/2020
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Marriott International : Brian King Appointed President of Marriott International's Caribbean and Latin America Region | MarketScreener
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Washington burned in the 60s, but with the new Black Lives Matter protests, there is hope
- For residents who saw Washington DC burn decades ago in the wake of the assassination of Martin Luther King Jr, the George Floyd protests feel like hope, writes Rachel Chason and Rebecca Tan
- 06/26/2020
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Church across from White House at the centre of a new controversy after being fenced in
- Leaders of the yellow church that has been at the centre of the District of Columbia's Black Lives Matter demonstrations are upset that the city removed protesters and built a fence around their property in the name of safety.
- 06/26/2020
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Neil H. Shah Purchases 30,000 Shares of Hersha Hospitality Trust (NYSE:HT) Stock
- Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah purchased 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were bought at an average cost of $5.75 per share, for a total transaction of $172,500.00. Following the completion of the purchase, the chief operating officer now directly owns 508,511 shares […]
- 06/26/2020
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Jay H. Shah Buys 5,000 Shares of Hersha Hospitality Trust (NYSE:HT) Stock
- Hersha Hospitality Trust (NYSE:HT) CEO Jay H. Shah bought 5,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $5.96 per share, for a total transaction of $29,800.00. Following the acquisition, the chief executive officer now directly owns 464,115 shares of the company’s […]
- 06/26/2020
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Considering Whether Travel Is Safe: Do They Wear Face Masks?
- Face mask usage and policies vary from country to country, and within countries, can even vary from region to region. Travelers should find out the rules before they leave home.
- 06/26/2020
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Luxury Hotel Industry Might Take a Couple of Years to Recover
- “Impact of the Covid-19 pandemic has been profound,” says Marriott CEO Arne Sorenson
- 06/25/2020
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Marriott International : Brian King Appointed President of Marriott International's Caribbean and Latin America Region | MarketScreener
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Dow Jones ends 2.7% lower as increased virus cases slow US recovery
- The broad-based S&P 500 slid 2.6 percent to 3,050.33, while the tech-rich Nasdaq Composite Index shed 2.2 percent to 9,909.17, retreating from a record. Numerous states in the western and southern United States have reported record coronavirus cases in recent days, prompting more local officials and private companies to freeze reopenings or retreat from prior steps to relaunch activity.
- 06/25/2020
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SIG : General Meeting – Record Date Clarification | MarketScreener
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Major new hotel set to be built in Burton
- Councillors called it 'a vote of confidence' for the town
- 06/25/2020
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Dow ends 2.7% lower as increased virus cases slow US recovery
- [NEW YORK] Wall Street stocks tumbled on Wednesday on increasing signs that higher coronavirus cases in the United States will slow the recovery in the world's biggest economy. Read more at The Business Times.
- 06/24/2020
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Washington DC: Don't Miss These 5 Open Houses
- See the most recent properties to hit the open-house circuit near you.
- 06/24/2020
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US: Dow ends 2.7% lower as increased virus cases slow recovery
- [NEW YORK] Wall Street stocks tumbled on Wednesday on increasing signs that higher coronavirus cases in the United States will slow the recovery in the world's biggest economy. Read more at The Business Times.
- 06/24/2020
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Prosecutor testifies on alleged politicization inside Barr's Justice Department
- WASHINGTON -- The House Judiciary Committee heard testimony Wednesday from a federal prosecutor and another witness who have accused Attorney General William Barr and his top deputies of acting "based on political considerations" and a desire to appease President Donald Trump.
Aaron Zelinsky, an assistant U.S. attorney in Maryland formerly detailed to special prosecutor Robert Mueller's Russia investigation, told the panel that prosecutors involved in the criminal trial of Trump's friend Roger Stone experienced "heavy pressure from the highest levels of the Department of Justice" to give Stone "a break" by requesting a lighter sentence.
Zelinsky testified about how he was pressured to offer a more lenient sentencing recommendation for Trump associate Roger Stone, and the reason was political.
"I was told that the acting U.S. attorney was giving Stone a break because he was afraid of the president of the United States," Zelinsky testified.
Zelinsky testified that he and his fellow career prosecutors resisted efforts to reduce their sentencing recommendation and were told "we could be fired if we didn't go along." He said he was not given a good legal reason for offering a lighter recommendation.
"What I heard repeatedly was that this leniency was happening because of Stone's relationship to the president, that the acting U.S. attorney for the District of Columbia was receiving heavy pressure from the highest levels of the Department of Justice and that his instructions to us were based on political considerations," Zelinsky said.
Zelinsky conceded he did not have firsthand knowledge of discussions among political leadership. He said he and his colleagues were initially allowed to file the recommendation they wanted, only to have the Justice Department later reverse course after Trump tweeted his anger over the...
- 06/24/2020
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Marriott International : Announces Retirement of Tim Sheldon | MarketScreener
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10 Stocks to Buy for Your Income-Generating Portfolio
- This ladder of dividend-paying stocks to buy should give you a head start for building your income-generating portfolio.
- 06/24/2020
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Así es St. Regis Maldives Vommuli, una lujosa villa sobre un atolón en el océano
- Un sueño hecho realidad. En mitad de una de las 200 islas privadas habitables de Las Maldivas, la cadena de hoteles de lujo S. Regis, que forma parte de Marriott International, ha establecido su particular paraíso.
- 06/24/2020
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Ex-prosecutor: Roger Stone got lighter sentence due to Trump ties
- Aaron Zelinsky, one of the federal prosecutors who tried political strategist Roger Stone, told a House Committee Wednesday Stone was offered a lighter sentence because of his relationship with President Donald Trump.
- 06/24/2020
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Sustainable Leaders Have These Traits in Common - BNN Bloomberg
- Sign up to receive the Green Daily newsletter in your inbox every weekday.
- 06/24/2020
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BNP Paribas Arbitrage SA Sells 21,652 Shares of Hyatt Hotels Co. (NYSE:H)
- BNP Paribas Arbitrage SA trimmed its position in Hyatt Hotels Co. (NYSE:H) by 81.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,846 shares of the company’s stock after selling 21,652 shares during the period. BNP Paribas Arbitrage SA’s holdings […]
- 06/24/2020
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PEPKOR HOLDINGS LIMITED – Results Of Accelerated Bookbuild Offering Of Pepkor Holdings Limited Ordinary Shares - SENS
- Sens announcement for PEPKOR HOLDINGS LIMITED – Results Of Accelerated Bookbuild Offering Of Pepkor Holdings Limited Ordinary Shares - SENS
- 06/24/2020
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Tech-tonic Shift in Hotels
- From smartphones doubling up as room keys to real-time data access for staff to new solutions for cleaner air, technology is transforming the hospitality sector
- 06/24/2020
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Trump’s brother seeks to halt family tell-all book
- In court papers, Robert Trump’s lawyers argue that Mary Trump and others had signed a settlement agreement in the late 1990s that included a confidentially clause
- 06/24/2020
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Nasdaq Snaps Eight-Day Winning Streak on Rising Covid-19 Cases
- Nasdaq Snaps Eight-Day Winning Streak on Rising Covid-19 Cases
- 06/24/2020
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Government announces £105m to keep rough sleepers off the streets
- The Government has committed more money to stop thousands of homeless people returning to the streets after charities warned they could be evicted without more cash.
- 06/23/2020
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Michael Flynn lawyers receive Peter Strzok notes from US attorney
- Retired Lt. Gen. Michael Flynn's legal team has received notes taken by former FBI special agent Peter Strzok.
- 06/23/2020
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PEPKOR HOLDINGS LIMITED – Launch Of An Accelerated Bookbuild Offering Of Pepkor Ordinary Shares And Update On Trading And Liquidity - SENS
- Sens announcement for PEPKOR HOLDINGS LIMITED – Launch Of An Accelerated Bookbuild Offering Of Pepkor Ordinary Shares And Update On Trading And Liquidity - SENS
- 06/23/2020
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10 Ways To Get Cheap Homeowners Insurance
- Homeowners insurance is one of the most important types of insurance you can buy if you own property. It not only covers your house and belongings, but it also protects you from legal bills and lawsuit judgments against you for incidents covered by the policy.
The average premium nationwide for a
- 06/23/2020
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Analysts Are Bullish on These Services Stocks: Marriott International (MAR), TripAdvisor (TRIP) - Markets
- There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Marriott International
- 06/23/2020
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Hotels set to reopen without buffet breakfasts and mini-bars in July
- French company Accor, which owns brands including Novotel, Mercure, Ibis and Sofi tel, is aiming to reopen some of its 270 UK hotels from the start of July.
- 06/23/2020
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Maverick Capital Ltd. Buys 85,622 Shares of Hyatt Hotels Co. (NYSE:H)
- Maverick Capital Ltd. increased its stake in shares of Hyatt Hotels Co. (NYSE:H) by 20.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,786 shares of the company’s stock after buying an additional 85,622 shares during the quarter. Maverick Capital Ltd.’s holdings […]
- 06/23/2020
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Fifth Wall Becomes Certified B Corporation | FinSMEs
- Fifth Wall, a Los Angeles, CA-based venture capital firm focused on innovation for the global real estate industry, is now a Certified B Corporation or "B Corp"
- 06/22/2020
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Hikma Pharmaceuticals : Proposed Placing in Hikma Pharmaceuticals PLC | MarketScreener
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Virginia's National Parks Need More Than $1 Billion In Maintenance. Congress May Finally Be Funding Them.
- And that's exactly what happened — twice — last spring on the George Washington Memorial Parkway, one of Virginia's most visible nationa ...
- 06/22/2020
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Buy Marriott and Hilton Stocks, Analyst Says, Because They Are Cheap Enough
- Hotel stocks have been clobbered by the coronavirus, as both business and leisure travel cratered amid the lockdowns. Barclays, though, is arguing that the big lodging chains have gotten too cheap.
- 06/22/2020
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APG Asset Management N.V. Has $63.25 Million Stock Holdings in Hilton Hotels Co. (NYSE:HLT)
- APG Asset Management N.V. boosted its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 9.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 926,901 shares of the company’s stock after acquiring an additional 81,438 shares during the period. APG Asset Management N.V. owned 0.33% of Hilton […]
- 06/22/2020
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Balyasny Asset Management LLC Purchases Shares of 26,257 Hyatt Hotels Co. (NYSE:H)
- Balyasny Asset Management LLC purchased a new stake in shares of Hyatt Hotels Co. (NYSE:H) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 26,257 shares of the company’s stock, valued at approximately $1,258,000. A number of other hedge funds also recently added to or […]
- 06/22/2020
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Tsogo Sun rescues three iconic SA hotels after Marriott ceases operations
- Marriott International revealed that due to the financial impact of the Covid-19 pandemic, it had no choice but to cease operations of the three hotels.
- 06/22/2020
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New extended-stay hotel for the Lone Star State
- Promising to provide a “seamless residential atmosphere”, the latest TownePlace Suites by Marriott property has just started welcoming guests in Texas.
- 06/22/2020
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NEXT Biometrics : Commencement of subscription period for the subsequent offering | MarketScreener
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Historic Edward and Mount Grace hotels to reopen under Tsogo Sun
- After Marriott International terminates management agreement in wake of Covid-19 economic fallout.
- 06/22/2020
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Washington DC: Check Out 5 Nearby Homes For Sale
- Peek inside the latest properties available now in the Washington DC area.
- 06/21/2020
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What Made Deutsche Bank Downgrade Penn National Gaming's Stock? - Markets
- Deutsche Bank analyst Carlo Santarelli downgraded Penn National Gaming (PENN – Research Report) to Sell today and set a price
- 06/21/2020
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Protea Hotel Edward to shut its doors after 111 years
- Grand old dame, the Protea Hotel Edward, will shut its doors after 111 years on Durban’s famous Golden Mile.
- 06/21/2020
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Baird Financial Group Inc. Purchases Shares of 13,239 Hyatt Hotels Co. (NYSE:H)
- Baird Financial Group Inc. purchased a new stake in shares of Hyatt Hotels Co. (NYSE:H) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,239 shares of the company’s stock, valued at approximately $634,000. Several other hedge funds and other institutional […]
- 06/21/2020
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5 New Houses Foreclosed In The Washington DC Area
- Take a peek inside the newest foreclosed properties for sale near you.
- 06/20/2020
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Suite offerings to stay afloat
- . Read more at straitstimes.com.
- 06/20/2020
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Bolton scores Pyrrhic victory in court ruling on Trump book - BNN Bloomberg
- U.S. District Judge Royce Lamberth in Washington rejected the Justice Department’s attempt to block the publication, paving the way for “The Room Where It Happened: A White House Memoir” to go on sale June 23.
- 06/20/2020
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Trump administration fails to delay release of Bolton's book - BNN Bloomberg
- U.S. District Judge Royce Lamberth in Washington rejected the Justice Department’s attempt to block the publication, paving the way for “The Room Where It Happened: A White House Memoir” to go on sale June 23.
- 06/20/2020
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AFL 2020, round 3 | Brisbane Lions defeat West Coast Eagles as hub horrorshow continues
- Premiership fancy West Coast’s AFL quarantine hub experience isn’t getting any better.
- 06/20/2020
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REITs Hit By 'Second Wave' Of Dividend Cuts
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Hyatt Hotels Co. (NYSE:H) Sees Large Decrease in Short Interest
- Hyatt Hotels Co. (NYSE:H) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 4,250,000 shares, a decrease of 11.5% from the May 31st total of 4,800,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is […]
- 06/20/2020
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$10 takeaways, half-priced stays for healthcare workers as hotels fight to survive
- SINGAPORE - Guest relations executive Syahidah Hamzah is used to seeing the odd cat or dog spending the weekend at the InterContinental Hotel in Bugis, which launched pet-friendly staycation packages last year.. Read more at straitstimes.com.
- 06/20/2020
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How Trump's beliefs about media and loyalty coalesced in a battle for Voice of America
- WASHINGTON - On Monday, President Donald Trump's long-deferred pick to head the U.S. Agency for Global Media, finally started work after a bruising, two-year Senate confirmation battle.
By the end of Wednesday, Michael Pack had achieved a clean sweep of the top offices of every division he oversees - including venerable news outlets like Voice of America and Radio Free Europe.
The swift purge of former appointees has increased the worry among Democrats and press freedom advocates that the Trump administration is attempting to gain control over an independent but federally funded media organization with among the largest audiences in the world. On its own, the Voice of America delivers television and radio programs to 236.6 million people - and in some countries dominated by state media, it is the only free and unshackled news source.
"USAGM's role as an unbiased news organization is in jeopardy," said Rep. Eliot Engel, D-N.Y., who chairs the House Foreign Affairs Committee, said Wednesday in a statement. Pack, he added, "needs to understand that USAGM is not the Ministry of Information."
Yet the machinations of recent weeks also epitomize Trump's knack for turning a relatively obscure issue or backwater agency into fodder for a culture war - with little more than a tweet.
The president first nominated Pack, who is in his mid-60s, for the USAGM job in 2018. Pack is revered in Republican circles as something of a unicorn - a documentary filmmaker with solid conservative credentials (he served as president of the Claremont Institute, a prominent think tank) who could also make PBS-quality work. His projects have included "God and the Inner City," about three faith-based organizations; a film on the 1994 Republican takeover of Congress; and an appreciative documentary about the life of Clarence Thomas, featuring...
- 06/19/2020
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Marriott International shuts down three hotels in South Africa
- The lockdown has claimed a casualty, with Marriot International forced to shut down three of its hotels in South Africa.
- 06/19/2020
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Global Wellness Tourism Market Size Will Reach USD 1219.75 Billion by 2026: Facts & Factors
- Global wellness tourism market is expected to grow at a CAGR of 7.55% and is anticipated to reach around USD 1219.75 Billion by 2026.
- 06/19/2020
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Over 600 jobs under threat at Scots hotel chain despite profits of '£386m'
- The InterContinental Hotels Group has blamed the drastic cuts' proposal on the impact of the Covid-19 crisis.
- 06/19/2020
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Rugby is in a mess - and Will Carling's infamous quote predicted it
- Plymouth Albion commercial manager Chris Bentley writes exclusively for Plymouth Live
- 06/19/2020
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Marriott International : DAVIDSON HOTELS & RESORTS REINFORCES COMMITMENT TO ATTRACT AND RETAIN BEST-IN-CLASS TALENT BY GROWING CORPORATE TEAM | MarketScreener
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Bolton, Trump Administration Set for Court Battle Over Book - BNN Bloomberg
- Former National Security Advisor John Bolton’s pending memoir is living up to its publisher’s hype as “the book President Donald Trump doesn’t want you to read.”
- 06/19/2020
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Global signs of recovery: Roundup of key hotel markets worldwide
- Optimism is rising among hotels in Australasia, China and the US, amid signs that the travel sector is ready to bounce back quickly following the Covid19 crisis.
- 06/19/2020
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Phillip Cheng dropped MDMA in a fruit box for quarantined hotel guest
- CCTV footage caught 37-year-old Phillip Cheng arriving at the five-star Sheraton Grand in Sydney's central business district and handing a fruit box to police at the reception desk.
- 06/19/2020
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Bolton Fires Back at Trump Effort to Block Memoir’s Publication - BNN Bloomberg
- John Bolton urged a judge to toss aside the Trump administration’s attempt to block the publication of his tell-all book about Donald Trump, saying it’s a “transparent” attempt to prevent the former national security advisor from revealing embarrassing facts about the president’s conduct in office.
- 06/19/2020
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EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM
SUCCESSFULLY ISSUES €200 MILLION UNSECURED EUROBONDS BY TAPPING ITS
€300 MILLION 3.000% EUROBONDS DUE 2025
- Capital Measures 18.06.2020
- 06/18/2020
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After departure of Voice of America editors, new Trump-appointed overseer fires heads of four sister organizations
- The directors of four federally funded agencies that produce news and information for international audiences have been fired by a new chief executive officer appointed by President Donald Trump, in a purge that has raised concerns among Democrats about editorial meddling.
Combined with the resignation of the director and deputy director of Voice of America on Monday, the firings ordered by Michael Pack, the new head of the U.S. Agency for Global Media, represents a clean sweep of top officials who manage government-funded but otherwise independent news broadcasting operations.
The speed and sweep of the firings - Pack began work only Monday after a bruising Senate confirmation battle - raised fears that Trump was trying to exert greater control over the output of such venerable organizations as Radio Free Europe/Radio Liberty, Radio Free Asia, Middle East Broadcasting and the Open Technology Fund, the agencies whose heads Pack removed via a brief letter late Wednesday.
Pack, a conservative filmmaker who has previously run the Corporation for Public Broadcasting, had the support of Steve Bannon, Trump's former campaign chief executive and White House advisor, during his long confirmation battle. Trump and the White House jumpstarted the stalled nomination in April by publicly attacking VOA, claiming that its reporting was "propaganda" in support of China and Iran.
Representatives of USAGM, formerly known as the Broadcasting Board of Governors, did not respond to a request for comment about the firings.
According to USAGM's charter, government officials, including Pack and his agency, are prohibited from exercising any editorial control over the agencies they supervise.
The agency's website says this so-called "firewall" was put in place to ensure that "accurate, balanced, and comprehensive news and information" is...
- 06/18/2020
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Is this goodbye to make-your-own waffle stations? - The Boston Globe
- Coronavirus may end the hotel breakfast as we know it.
- 06/18/2020
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Fairfield by Marriott Hotel is now open in Duncan, OK, the Heart of the Chisholm Trail
- The Hotel Opens with a New Design that Pays Homage to the Brand's Origins at the Fairfield Farm
DUNCAN, Okla. (PRWEB) June 18, 2020
The 80-room Fairfield by Marriott hotel in Duncan, Oklahoma is now open and accepting reservations serving the Duncan, Oklahoma area. On June 16, 2020, the Fairfield by Marriott Inn & Suites Duncan opened their doors to a fresh new look with new décor that provides guests with a feeling of warmth and calm while traveling with our Marriott Commitment to Cleanliness. Located at 1450 Apollo Drive, the Fairfield by Marriott Inn & Suites Duncan will operate as a Marriott franchise, owned by Apollo Hospitality and managed by Integral Hospitality of Birmingham, Alabama. General Manager Kendra Blake leads the management team at the property for Integral Hospitality and Apollo Hospitality. Kendra has 19 years of hospitality experience with some of the major brands in the lodging industry.
The Fairfield by Marriott Inn & Suites Duncan offers guests convenient access to the Duncan Golf and Tennis Club, Main Street Duncan, the Chisholm Trail Heritage Center, Halliburton Park, and the Rock Island 905 Railroad Museum.
"Delivering both function and comfort, our new design and décor elevate the Fairfield brand, setting a new standard in the moderate tier category," said Janis Milham, Senior Vice President and Global Brand Leader, Classic Select Brands at Marriott International. "At Fairfield by Marriott, we provide an easy, positive and productive travel experience, as well as the promise of consistent and reliable service at an exceptional value. The Fairfield by Marriott Inn & Suites Duncan is a truly stunning example of the brand's contemporary look and feel, and we are pleased to introduce Fairfield by Marriott hotels in...
- 06/18/2020
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Still no decision on Cape Town's R14 billion Harbour Arch development
- The City of Cape Town’s Planning Appeals Advisory Panel has yet to make a decision on the fate of a controversial R14 billion development on the Foreshore.
- 06/18/2020
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How will travel operators navigate the brave new world of social distancing?
- As travel vaporises with on-off lockdowns, airlines, airports, and hotels are pondering the future of hospitality in these fluid and fearful socially distanced times.
- 06/18/2020
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Florida welcomes new Fairfield by Marriott hotel [Construction Report]
- Fairfield by Marriott Inn & Suites Tampa Riverview has started welcoming guests.
- 06/18/2020
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Hotels offering ‘too good to be true’ deals
- Marriott International and the Four Seasons Hotels are offering exciting packages from staycation deals to savings on spa treatments and F&B
by LYDIA NATHAN/ pic credit: fourseasons.com IN LINE with the easing of restrictions, hotels are beginning to reopen and welcome guests with special offers and deals especially for those who had to put travel […]
- 06/18/2020
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Saudi Aramco completes $69 billion Sabic deal, extends payment window amid oil hit - Oil & Gas 360
- The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
- 06/18/2020
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Persistently high layoffs suggest a slow US economic rebound
- WASHINGTON - Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a ...
- 06/18/2020
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Washington DC: Don't Miss These 5 Open Houses
- Here are the most recent properties to hit the open-house circuit near you.
- 06/17/2020
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2 Top Travel Stocks to Buy Now | The Motley Fool
- Americans know that if you want to travel now, you have to adapt to the "new normal."
- 06/17/2020
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Saudi Aramco completes $69 billion Sabic deal, extends payment window amid oil hit
- The fall in oil prices since the initial deal announcement means Aramco will be paying the Public Investment Fund a premium of nearly 30% on Sabic's current price.
- 06/17/2020
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It’s Time to Fill the Vacancy in Hilton Stock
- As one economic report after another points to an encouraging recovery narrative, HLT at current prices should make for a great long-term investment.
- 06/17/2020
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Baird Financial Group Inc. Sells 24,268 Shares of Hilton Hotels Co. (NYSE:HLT)
- Baird Financial Group Inc. decreased its stake in Hilton Hotels Co. (NYSE:HLT) by 48.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,038 shares of the company’s stock after selling 24,268 shares during the period. Baird Financial Group Inc.’s holdings in Hilton Hotels […]
- 06/17/2020
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Quarantine, fear no holiday for tourism industry
- The wariness of holiday makers will damage revenues worse than travel restrictions.
- 06/17/2020
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Rowell commits long-term future to Suns
- Football's hottest young prospect has confirmed reports he is set to re-sign with the Gold Coast AFL club.
- 06/17/2020
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