Some of the names on the move ahead of the open.» Read More
OAK BROOK, Ill.— Inland American Real Estate is spinning off its lodging subsidiary into a separate and publicly traded company. The lodging business, now called Inland American Lodging Group Inc., will be renamed as Xenia Hotels& Resorts Inc.. Hotel brands under its control will include Marriott, Hilton, Hyatt, Starwood, Kimpton, Aston, Fairmont and Loews.
WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.
WASHINGTON, Aug 5- Hotel group Marriott is watching the spread of the Ebola virus in Africa but so far it has not hit countries where the group operates, CEO Arne Sorenson said on Tuesday. "The Ebola issue is not a positive one in terms of travel to Africa," Sorenson said in response to a question on the sidelines of the U.S.-Africa Business Forum.
WASHINGTON, Aug 5- U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S.
WASHINGTON, Aug 5- President Barack Obama will announce on Tuesday that U.S. businesses have committed to investing $14 billion in construction, clean energy, banking, and information technology projects across Africa, a White House official said.
Aug 1- Hilton Worldwide Holdings Inc, which owns the Conrad and Waldorf Astoria brands, raised its full-year earnings forecast and reported a better-than-expected rise in quarterly profit, driven by an increase in business and leisure travel.
The plaintiff, Madison 92nd Street Associates LLC, accused Marriott and a labor organization of conspiring to control which Marriott- branded hotels unionized. Madison chose Marriott because of the assurance it received from Marriott that it was a non-union company and that Courtyard would employ a non-union workforce at the hotel, according to the lawsuit.
Americans are choosing to save over spend, and that's creating an unwanted discount on these consumer spending-linked investments.
Despite opposition, Airbnb's rent-your-home marketplace, with its 'airbed and breakfast' approach, is catching on in the shared economy.
Some of Wednesday's midday movers:
*Accor has no plan to sell HotelInvest, brands for now- CEO. *HotelInvest buys 97 hotels in Europe for 900 mln euros- Accor. PARIS, May 27- Europe's largest hotel group, Accor, has no plans to spin off its HotelInvest real estate business or sell any of its hotel brands, but "nothing is taboo" in the long term, Chief Executive Sebastien Bazin said.
A new luxury hotel has opened in the California desert with 244 guest rooms and suites.
Europe's AC Hotels are coming to the United States in hopes of luring the millennial business traveler.
If you’re looking for a place to rest some money, you might want to consider Cramer’s favorite hotel stocks.
Some of Friday's midday movers:
*Co raises FY profit forecast to $0.64- $0.67/ share from $0.57- $061. May 9- Hilton Worldwide Holdings Inc raised its full-year profit forecast after increasing business and leisure travel in the United States allowed the company to charge more for its rooms in the first quarter.
May 9- Hilton Worldwide Holdings Inc raised its full-year profit forecast after strong business and leisure travel helped the company post better-than-expected quarterly results. Marriott International Inc and Hyatt Hotels Corp have also reported better-than-expected first-quarter earnings.
Amy Feldman received $350,000 on "Shark Tank" for her business Coverplay that makes slip covers for play yards. She reveals the inside scoop on the tank.
About 1.8 million Chinese tourists visit the U.S. each year and that number is expected to rise 20 percent annually.
April 30- Hyatt Hotels Corp said it expected occupancy and room rates at its hotels to remain strong as U.S. business travel continues to grow. The owner of the Park Hyatt, Grand Hyatt and Hyatt Regency chain of hotels reported a first-quarter profit above analysts' estimates, partly helped by a tight supply of rooms.