Financial Results, Conference Calls Schedules, Robust Franchise Sales, and Acquisition Proposals - Research Report on Marriott, Orient-Express, China Lodging, Choice Hotels, and Morgans Hotel
NEW YORK, November 7, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Marriott International, Inc. (NASDAQ: MAR), Orient-Express Hotels Ltd. (NYSE: OEH), China Lodging Group, Limited (NASDAQ: HTHT), Choice Hotels International Inc. (NYSE: CHH), and Morgans Hotel Group Co. (NASDAQ: MHGC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Marriott International, Inc. Research Report
On October 30, 2013, Marriott International, Inc. (Marriott International) reported its Q3 2013 financial results. The Company posted net income of $160 million, reflecting an 11.9% YoY growth, and diluted EPS totaled at $0.52, up 18.2% YoY. The Company posted non-GAAP EBITDA of $289 million in Q3 2013, compared to that of $284 million in Q3 2012. Arne M. Sorenson, President and CEO of Marriott International said, "We had a solid quarter with worldwide REVPAR up nearly 5 percent year-over-year. Short-term group business picked up in North America and occupancy rates reached nearly 75 percent worldwide. Room rates moved higher, in part due to an improving mix of business, contributing about three-quarters of the REVPAR increase in the quarter, and the number of company-operated and franchised rooms in our portfolio rose 4 percent year-over-year." The Company informed that it expects Q4 2013 operating income to range between $235 million to $250 million. The Full Research Report on Marriott International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9608_MAR]
Orient-Express Hotels Ltd. Research Report
On October 31, 2013, Orient-Express Hotels Ltd. (Orient-Express) reported its Q3 2013 financial results with total revenue of $191.2 million, reflecting 18.8% YoY growth. The Company's adjusted EBITDA grew 27.6% YoY to $53.1 million during the quarter. Adjusted net earnings from continuing operations stood at $18.5 million or $0.18 per common share Q3 2013, compared with $15.9 million or $0.15 per common share in Q3 2012. John Scott, President and CEO, commented, "We are pleased with our third quarter results. Indications earlier this year of an uptick in demand for our European hotels were affirmed in the second quarter and reinforced in the third quarter. We saw growth not only at our Italian hotels, but also, importantly, at our other European hotels. RevPAR for the region was up 22% year-over-year, showing healthy growth for our most significant EBITDA region." The Full Research Report on Orient-Express Hotels Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/dd01_OEH]
China Lodging Group, Limited Research Report
On October 15, 2013, China Lodging Group, Limited (China Lodging Group) announced that it is scheduled to release its unaudited Q3 2013 financial results on Tuesday, November 12, 2013, after market hours, which will be followed by a conference call on the same day at 8:00 p.m. EST. According to the Company, the conference call will also be webcast live over the Internet and can be accessed by all interested parties at China Lodging Group's website. The Full Research Report on China Lodging Group, Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/de44_HTHT]
Choice Hotels International Inc. Research Report
On November 4, 2013, Choice Hotels International, Inc. (Choice Hotels) announced the addition of 107 properties worldwide during its Q3 2013. The Company informed that during Q3 2013, it also experienced robust franchise sales activity in US, executing a total of 129 new domestic franchise agreements, which reflected a 45% YoY increase. "Choice's flagship Comfort brands have a tradition of success and continue to perform. This quarter, with our Comfort Re-Imagined brand improvement program gaining momentum, we experienced significant development activity for both Comfort Inn and Comfort Suites," said David Pepper, Senior Vice President of Global Development for Choice Hotels. "That solid foundation allows Choice Hotels to continue to advance into the upscale tier and more international markets through the strategic growth of our emerging Cambria Suites brand and the rapid expansion of Ascend Hotel Collection." The Full Research Report on Choice Hotels International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ed06_CHH]
Morgans Hotel Group Co. Research Report
On November 1, 2013, Morgans Hotel Group Co. (Morgans Hotel) announced that it has received a letter from The Yucaipa Companies, LLC (Yucaipa), which contained an unsolicited and conditional proposal to acquire Morgans Hotel for $8.00 per share. The Company informed that its Board of Directors will review the proposal with its financial and legal advisors and will determine an appropriate response to it in due course. The Company has further advised its shareholders not to take any action at this time in response to Yucaipa's proposal, and instead wait for the response of the Company's Board of Directors. The Full Research Report on Morgans Hotel Group Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5e47_MHGC]
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