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Summit Hotel Properties (INN) delivered FFO and revenue surprises of 23.08% and -0.17%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
John Keells Hotels manages a portfolio of holdings that consists of hotel businesses, which collectively form the John Keells Hotels Group. [7] Asian Hotels and Properties PLC, a sister company of John Keells Hotels, operates Cinnamon Grand Hotel and Crescat Boulevard shopping mall and high-end apartments while Trans-Asia Hotels PLC, a subsidiary of Asian Hotels and Properties, manages ...
The American Hotel and Lodging Association (AHLA; formerly the American Hotel and Motel Association, and before that American Hotel Association) is an industry trade group with thousands of members including hotel brands, owners, management companies, Real Estate Investment Trusts (REITs), independent hotels, bed and breakfasts, state hotel associations and industry partners and suppliers.
The integrations of Booking.com and Active Hotels helped its parent company improve its financial position from a loss of $19 million in 2002 to $1.1 billion in profit in 2011. The acquisition of Booking.com was praised by some social media as “the best acquisition in Internet history” since no other acquisition in the digital travel market ...
Hyatt said its first-quarter comparable system-wide revenue per available room (RevPAR) - a key measure of a hotel's performance - fell about 48.9%. Hotel operator Hyatt posts bigger loss as ...
The Nacional suffered heavy financial losses in the months that followed, and as a direct result, the Intercontinental Hotels division of PanAm reported a net loss of $154,000 in 1959, after reporting a profit of $200,000 in 1958. [14]
Sahara Las Vegas is a hotel and casino located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by the Meruelo Group. The hotel has 1,616 rooms, [1] and the casino contains 50,662 square feet (4,706.7 m 2). [2] The Sahara anchors the northern end of the Las Vegas Strip, at the corner of Sahara Avenue.
In 2018, Park Hotels sold 13 hotels that it considered "non-core" assets, including 10 of its 14 international properties, for a total of $519 million. [ 11 ] [ 12 ] [ 13 ] HNA Group , which had owned 25 percent of the company, sold all its shares in March 2018 in a stock buyback and a secondary offering for a total of $1.4 billion.
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