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☆ Eclipse’s Path Is Also Leaving a Trail of High Hotel Prices
▼ + stars: | 2024-04-04 | by ( Ben Blatt | More About Ben Blatt | ) www.nytimes.com time to read: +1 min

A representative from Wyndham Hotels & Resorts, the parent company of Super 8, said each Super 8 is an individually operated franchise that sets its own rates. However, all franchise owners have access to the same revenue management software that they can use to set pricing strategy. The Ritz-Carlton in Dallas is currently listing a two-night stay at $7,600 for Sunday-Tuesday. One week later, the price for a two-night stay will be $1,329. Even Super 8 hotels in Glendale, Ariz., the site of the men’s N.C.A.A.

Persons: Thelma Diller, “ I’ve, ”, “ Organizations: Wyndham Hotels & Resorts, Ritz, Carlton, Masters Locations: Dallas, Glendale, Ariz, Augusta , Ga, Augusta, Malvern , Ark

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Netflix, Adobe, Amazon, Eli Lilly, Procter & Gamble & more
▼ + stars: | 2024-03-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said the stock is a top idea after coming out of the company's recent TMT conference. " Morgan Stanley downgrades Hyatt to equal weight from overweight Morgan Stanley said in its downgrade of the stock that risk/reward is more balanced. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley said the next catalyst for Eli Lilly is the results from the company's sleep apnea trial. Morgan Stanley initiates Phinia as overweight Morgan Stanley initiated the auto components and supplier company and says it's a "key beneficiary of the EV reset." Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's standing by shares of Meta.

Persons: Morgan Stanley, Oppenheimer, underperform Jefferies, Jefferies, Tesla, Evercore, Tesla's, Tesla's Austin Gigafactory, Wolfe, XEL, Morgan Stanley downgrades Hyatt, JPMorgan, Stifel, Eli Lilly, Truist, Guggenheim, it's, PDD, Locker, Meta, Goldman Sachs, Goldman Organizations: Netflix, Jefferies, Wyndham, Underperform, Wyndham Hotels, Adobe, & Highland, JPMorgan, Energy, Hyatt, Petrobras, Procter, Gamble, Guggenheim, Nike, ICE, UBS, Apple, Meta, & & / Locations: Tesla's, Texas, bullish, China, Kazakhstan, America

☆ Choice Hotels surrenders its $8 billion hostile takeover attempt of rival chain, Wyndham
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: +1 min

A screen displays the logo for Wyndham Hotels & Resorts, Inc. at the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. Choice Hotels is abandoning its hostile $8 billion takeover bid for Wyndham Hotels & Resorts . Choice launched a hostile takeover offer for Wyndham in December after repeated attempts to reach a deal with the rival hotel chain were rebuffed. Choice's exchange offer expired on Friday. "The Wyndham board is pleased that Choice has ended its hostile pursuit and proxy contest, following the expiration of its unsolicited exchange offer," Wyndham Chairman Stephen Holmes said in a news release.

Persons: Wyndham, Stephen Holmes Organizations: Wyndham Hotels & Resorts, Inc, New York Stock Exchange, Choice, Wyndham, Ramada Locations: New York City, U.S, La Quinta

☆ A hedge-fund manager overseeing $120 million shares 4 recession-proof stocks he's betting on for 2024 — and warns the S&P 500 is priced for perfection
▼ + stars: | 2024-02-18 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Stocks continued their bull market tear on Thursday, with the S&P 500 closing at a new record high of 5,029. But don’t expect the run to continue, says Lukasz Tomicki, founder of LRT Capital Management, a hedge fund managing $120 million in assets. “I think the market is pricing in perfection,” Tomicki told Business Insider. Another reason he’s bearish on the economy’s prospects is because the money supply is declining, meaning liquidity in the economy is shrinking. The cheaper end of the hotel industry is typically less volatile in an economic downturn, Tomicki said.

Persons: Stocks, Lukasz Tomicki, ” Tomicki, Tomicki, ”, “, Northrup Grumman Organizations: Capital Management, Business, Federal, Fed, Wyndham Hotels & Resorts, Marriott, Hilton

[1/2] The company logo for Choice Hotels is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 27 (Reuters) - Choice Hotels International (CHH.N) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH.N), seeking to break a stalemate in an $8 billion takeover battle, people familiar with the matter said. This gives Choice the right to nominate directors to Wyndham's board come January. It is also preparing to launch a tender offer for Wyndham's shares that would show Wyndham's investors that there is a firm offer on the table, according to the sources. Rockville, Maryland-based Choice operates nearly 7,500 hotels in 46 countries, including brands such as Radisson, Country Inn & Suites, and Cambria Hotels.

Persons: Brendan McDermid, Wyndham, Parsippany, Pat Pacious, Stephen Holmes, Anirban Sen, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Wyndham Hotels & Resorts, Ramada, Wyndham, Cambria Hotels, Choice, Thomson Locations: New York, U.S, United States, Parsippany , New Jersey, Rockville , Maryland, Radisson, Cambria

☆ Wyndham board deems Choice Hotels' new offer "a step backwards"
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

A screen displays the logo for Wyndham Hotels & Resorts, Inc. at the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 21 (Reuters) - U.S. budget hotel operator Wyndham Hotels and Resorts (WH.N) said on Tuesday a new letter from Choice Hotels (CHH.N) "represents a step backwards" and the terms outlined are not in the best interests of Wyndham or its shareholders. Choice had made a $7.8 billion cash-and-stock acquisition offer worth $49.50 in cash and 0.324 shares of its common stock for each share of Wyndham. It said it first approached Wyndham in April with an $80 per share offer, which it later bumped up to $85 and then to $90 per share. A potential merger would have married Choice Hotels' brands such as Econo Lodge, Quality Inn and Clarion with Wyndham's Days Inn and Travelodge, offering inflation-hit customers a wide choice of affordable hotels.

Persons: Brendan McDermid, Wyndham, Patrick Pacious, Stephen Holmes, Pacious, Kannaki, Shailesh Organizations: Wyndham Hotels & Resorts, Inc, New York Stock Exchange, REUTERS, Wyndham Hotels, Resorts, Choice, Wyndham, Thomson Locations: New York City, U.S, Clarion, Bengaluru

☆ Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels
▼ + stars: | 2023-11-21 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Wyndham shares closed Monday at $77.95, giving the company a market capitalization of $6.5 billion. Photo: Bridget Bennett/Bloomberg NewsAnother bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, executives said Tuesday.

Persons: Wyndham, Bridget Bennett, Pat Pacious Organizations: Bloomberg, Choice Hotels, Wyndham Hotels, Resorts, Wyndham

☆ How I Get Eight Free Hotel Nights Every Year Without Doing Anything
▼ + stars: | 2023-10-28 | by ( Ben Luthi | ) www.wsj.com time to read: +10 min

So long as you pay the annual fee, many hotel credit cards offer one free night each year. Before discovering free night credits, I stayed at my fair share of motels with rock-hard beds and paper-thin walls. However, as my life and finances evolved, the benefit of my free night certificates has become about more than saving money. My hotel credit card collectionYou probably don’t need eight hotel cards. Key perks: Annual free night award, fourth night free on consecutive award redemptions, automatic IHG® Platinum status, $100 trusted traveler program application fee credit every four years.

Persons: Ben Luthi, I’ve, ”, you’ll, ’, we’ve, I’m, you’re, Wyndham Wyndham, Wyndham Organizations: Nintendo, Card, Marriott Marriott, Marriott, California — Marriott, Marriott Bonvoy, Business, Residence, Ritz, Carlton, Hilton Hilton Honors Aspire, Hilton, Hilton Resort, Honors, Diamond, Las, Hyatt, Hyatt Credit, Hyatt House, Hyatt Card, Hyatt Regency, Grand Hyatt, Wyndham Locations: Sandy , Utah, Hilton, Park City, Marriott, California, Fairfield, Vegas, Seattle, Alaska, Grand, Wyndham

BANGKOK (AP) — Markets fell in Europe and Asia after China reported Wednesday that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. The future for the S&P 500 lost 0.2% and that for the Dow Jones Industrial Average was 0.1% lower. Weak global demand and the property industry remain the biggest shadows overhanging the economy in the near term, economists said. “The wider data on the property sector remained weak, although green shoots are appearing,” Capital Economics said in a report. Bank of New York Mellon rose 3.8% after it also reported stronger profit than expected for the latest quarter.

Persons: Germany's DAX, Wyndham, Brent, Writers Zen Soo, Stan Choe Organizations: —, CAC, FTSE, Dow Jones, Bureau of Statistics, Nikkei, Nasdaq, U.S, Treasury, Nvidia, Bank of America, Wall, Bank of New, Bank of New York Mellon, Wyndham Hotels, Resorts, ”, New York Mercantile Exchange, AP, Writers Zen Locations: BANGKOK, Europe, Asia, China, Paris, Shanghai, Tokyo, Bank of New York, Iran

☆ Wyndham Hotels Rejects Takeover Approach From Choice Hotels
▼ + stars: | 2023-10-17 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/hospitality/choice-hotels-offers-to-buy-wyndham-for-7-8-billion-d35c2018

Persons: Dow Jones Organizations: wyndham

☆ Choice Hotels eyes U.S. budget hotel giant with $7.8 bln Wyndham buy
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] Geoffrey Ballotti, CEO of Wyndham Hotels & Resorts, Inc. rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 17 (Reuters) - Choice Hotels (CHH.N) on Tuesday proposed to acquire Wyndham Hotels and Resorts (WH.N) for about $7.8 billion in a cash and stock deal that would create a U.S. budget hotel giant. Demand for affordable hotels such as Choice and Wyndham are on the rise as persistent high inflation and recession sap consumer spending on travel. Choice offered Wyndham shareholders $90.00 per share, including $49.50 in cash and 0.324 shares of its common stock for each Wyndham share owned. As of yesterday's close, Choice had a total market capital of $6.29 billion, Wyndham's stood at $5.82 billion.

Persons: Geoffrey Ballotti, Brendan McDermid, Wyndham, Wyndham's, Priyamvada, Shinjini Organizations: Wyndham Hotels & Resorts, Inc, New York Stock Exchange, REUTERS, Wyndham Hotels, Resorts, Wyndham, Reuters, Thomson Locations: New York City, U.S, Bengaluru

Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations, the company said Tuesday. Choice's proposal allows Wyndham shareholders to choose either cash, stock, or a combination of cash and stock. Choice first approached Wyndham in April, offering $80.00 per share, with 40% of that cash and 60% Choice stock, but was rejected, Choice said. But, according to Choice, Wyndham voiced concerns about regulatory approval in September and also the value of Choice stock. Shares of Wyndham Hotels & Resorts Inc. jumped more than 15% before the opening bell Tuesday, to $82.40.

Persons: Wyndham, “, Patrick Pacious, ”, Howard Johnson Organizations: Wyndham Hotels, Resorts, Wyndham, Choice, Ramada, Resorts Inc, Inc Locations: Rockville , Maryland, Wyndham, La Quinta, Parsippany , New Jersey

☆ Choice Hotels CEO on Wyndham hostile bid: A real opportunity for both sets of shareholders
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChoice Hotels CEO on Wyndham hostile bid: A real opportunity for both sets of shareholdersChoice Hotels president and CEO Patrick Pacious joins 'Squawk Box' to discuss the company's offer to buy Wyndham Hotels and Resorts in a roughly $7.7 billion takeover, a deal that would combine two of the largest operators in the budget hotel space, and more.

Persons: Patrick Pacious Organizations: Wyndham, Choice Hotels, Wyndham Hotels, Resorts

☆ Stocks making the biggest moves midday: Nvidia, Goldman Sachs, Lockheed Martin and more
▼ + stars: | 2023-10-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The company posted $6.73 in earnings per share on $16.88 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had forecast $6.67 in earnings per share on $16.74 billion in revenue. Dollar Tree — The discount retailer jumped 4.8% after getting an upgrade from Goldman Sachs to buy from neutral. Analysts polled by LSEG forecast an adjusted $2.52 in earnings per share and $21.04 billion in revenue. Goldman Sachs earned $5.47 per share on revenue of $11.82 billion, exceeding LSEG estimates.

Persons: Lockheed Martin, chipmakers, Goldman Sachs, Johnson, LSEG, Wyndham, Brian Essex, Hannon Armstrong, Morgan Stanley, Fortrea, Jeff Smith, —, Samantha Subin, Alex Harring, Lisa Kailai Han, Pia Singh, Sarah Min, Tanaya Macheel Organizations: Lockheed, LSEG, Circor, Nvidia, U.S . Department of Commerce, Marvell Technology, Devices, Broadcom, Goldman, Bank of America, Bank of New York Mellon, Wyndham Hotels, Resorts, Wyndham, Choice, JPMorgan, VF Corp, Viasat —, Hannon Armstrong Sustainable Infrastructure Capital, Systems Locations: China

☆ Stocks making the biggest moves premarket: Wyndham Hotels, Dollar Tree, Johnson & Johnson and more
▼ + stars: | 2023-10-17 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Wyndham Hotels & Resorts , Choice Hotels — Choice Hotels dropped 2.3% after the hotel chain proposed buying Wyndham Hotels & Resorts for $90 per share, valuing Wyndham at roughly $7.8 billion. Analysts surveyed by LSEG, formerly Refinitiv, were looking for 82 cents in earnings on $25.14 billion of revenue. Bank of New York Mellon earned $1.22 per share on $4.37 billion in revenue in the quarter, exceeding analysts' estimates on both lines. Johnson & Johnson -- Shares of the multinational drug and medical equipment maker gained nearly 2% after third-quarter earnings and sales topped analyst estimates. Lockheed Martin reported earnings of $6.73 per share, surpassing expectations of $6.67 per share, according to estimates from LSEG.

Persons: Wyndham, Charlotte, Goldman Sachs, Johnson, Lockheed Martin, —, Jesse Pound, Michelle Fox Theobald, Brian Evans Organizations: Wyndham Hotels & Resorts, Bank of America, LSEG, Goldman, Bank of New York Mellon, Johnson, Fortrea Holdings, Wall Street Journal, Lockheed, LSEG . Revenue Locations: Charlotte , NC, LSEG

☆ Beware of these stocks with low earnings quality that could blow up your portfolio
▼ + stars: | 2023-09-08 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The Wall Street firm came up with its proprietary quarterly earnings quality (EQ) score, which it said is an objective way to identify potential accounting-related risk. Wolfe Research's analysis covered more than 2,000 companies and focused on the balance sheets and cash flow statements in the companies' second-quarter earnings reports. Here are some of the companies that rank the lowest on Wolfe's screen (0 is the lowest score, and 100 is the highest.) The firm said its low earnings quality basket, which includes companies with an EQ score less than 10, has underperformed the S & P 500 by 800 basis points year to date. Endeavor Group and The Trade Desk were two stocks with the lowest score in the communication services sector.

Persons: Wolfe, Armour Organizations: Federal, Wolfe Research, Endeavor Group, Hasbro, Tesla, Wyndham Hotels

☆ Wyndham CEO: People are vacationing more this summer than they have ever been
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWyndham CEO: People are vacationing more this summer than they have ever beenGeoff Ballotti, Wyndham Hotels and Resorts CEO, joins 'The Exchange' to discuss the state of the travel industry and company earnings.

Persons: Geoff Ballotti Organizations: Wyndham, Wyndham Hotels, Resorts

Wyndham credit cards earn points you can use for free stays at resorts like the Wyndham Grand Clearwater Beach. But it's not just about value, because Wyndham Rewards includes upscale Wyndham Grand, Origin, and Dolce locations, and lifestyle brands like Tryp and Trademark Collection. The easiest way to earn Wyndham points is with the chain's co-branded Barclays Wyndham credit cards, and right now all three are offering elevated welcome bonuses for a limited time. You'll earn 50,000 bonus points after spending $3,000 in the first 90 days, and 25,000 bonus points after spending $10,000 within the first 12 months. Earn Wyndham points from Citi and Capital One cards insteadIt's worth noting that you don't have to open a Wyndham credit card to earn Wyndham points.

☆ Here are Wednesday's top analyst calls of the day: Disney, Apple, Amazon, Dutch Bros, Meta & more
▼ + stars: | 2023-04-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Disney as buy Bank of America said Disney remains "best-in-class." Piper Sandler reiterates Apple as overweight Piper said its survey checks show Apple is still a top pick for teens. Bank of America upgrades Livent to buy from neutral Bank of America said the lithium company's "value proposition" has increased. " Wedbush upgrades Dutch Bros to outperform from neutral Wedbush upgraded the coffee chain and said it sees more upside. Bank of America reiterates Apple as buy Bank of America raised its price target on Apple to $168 per share from $158 and said it sees iPhone trends stabilizing.

☆ Infrastructure related business travel is a major tailwind for Wyndham, says CEO Geoff Ballotti
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInfrastructure related business travel is a major tailwind for Wyndham, says CEO Geoff BallottiGeoff Ballotti, Wyndham Hotels and Resorts CEO, joins 'The Exchange' to discuss the growing frequency for business travel, the growing Wyndham franchise business and international travel expansion in China.

☆ What do Chinese travelers want? Luxury 'star-rated' hotels, says new survey
▼ + stars: | 2023-02-10 | by ( Evelyn Cheng | Chris Dwyer | ) www.cnbc.com time to read: +4 min

The research points to growing demand for high-end and luxury hotels in China now that the country has ended domestic travel restrictions — and a Covid wave has passed. watch nowThe report said that "37% of the consumers prefer higher star-rated hotels, up from 18% in 2020, with higher-income consumers showing even stronger appetites for luxury hotel stays (47% vs. 31% in 2020)." "The growing mid-/high-income population in China will fuel continued growth in demand for upscale hotels," the UBS report said. "At present, the number of upscale and luxury hotel guest room contribution and brand penetration rate in China are both lower than in North America." "China's hotel groups are still exploring the upscale hotel market, and we think acquisition of established overseas upscale brands may be their best option, and that founding joint ventures with real estate developers could provide property management resources for expansion into the upscale hotel market."

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. You can transfer points from Chase Ultimate Rewards, Amex Membership Rewards, and Citi ThankYou to JetBlue, but the ratio varies depending on the rewards program. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them.

The best hotel credit cards all have one outstanding benefit that gives cardholders the incentive to renew year after year: free night certificates and/or bonus points that are worth more than the annual fee. 2 Bonus Points per $1 spent in your top three spend categories each quarter through 12/31/23, then your top two categories each quarter. Each calendar year after spending $60,000 on eligible purchases, Card Members are eligible to select an Earned Choice Award benefit. Show more Regular Annual Percentage Rate (APR) 20.24% - 27.24% Variable Editor's Rating 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.4 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Credit Cards With Annual Free Nights Frequently Asked Questions (FAQ)How do I use a free night certificate?

☆ Barclays downgrades Marriott, says stock valuation looks fair given the softening macro environment
▼ + stars: | 2022-12-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A weakening macro environment could weigh on Marriott International in the months ahead, according to Barclays. Analyst Brandt Montour downgraded shares to equal weight from overweight, citing the lodging stock's current trading price, which is now in line with Barclays' target. Montour upped the bank's price target on Marriott to $170 from $163, suggesting shares could gain about 7% from Wednesday's close. Although Marriott has a solid management team and strong loyalty program, Barclays views shares as fairly valued given the heightened macro risks. Montour upgraded shares of Wyndham Hotels in the same note, calling the stock a favored lodging pick as consumers trade down.

☆ Wyndham CEO: Travel demand remains strong despite economic conditions
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWyndham CEO: Travel demand remains strong despite economic conditionsGeoffrey Ballotti, Wyndham Hotels and Resorts president and CEO, joins 'The Exchange' to discuss Wyndham's newest brand, Echo Suites by Wyndham, and the demand for hotels by consumers.

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