Wyndham to Soon Open 300th Franchise in China
Wyndham Hotels & Resorts, the largest U.S.-based hotel company in China, has signed nearly 600 franchise agreements and opened almost 300 hotels in China over five years.
Pullman Hotel Group
Choice Hotels Tries Another Time With Wyndham
Choice Hotels issued a press release urging Wyndham stockholders to tender their shares before the March 8 deadline. We would characterize the press release as of begging WH shareholders to threaten they will pull the plug.
Dividend Announcements Buoy Lodging Stocks
On Friday lodging stocks ended higher: BHR rose 12% while AINC was up 7%. SOND fell -7% on the day.
Raymond James downgraded Pebblebrook Hotel Trust and Xenia Hotels & Resorts to Market Perform from Outperform while cutting Sunstone Hotel Investors to Underperform from Market Perform.
Ryman Hospitality also announced they were boosting their quarterly dividend, declaring the 4Q dividend of $0.25 per share.