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New Starwood Offer Might Delay Marriott’s Ratings Momentum

New Starwood Offer Might Delay Marriott’s Ratings Momentum

NEW YORK—Fitch Ratings continues to see positive ratings momentum for Marriott International stemming from its planned merger with Starwood Hotels & Resorts. However, less creditor friendly financial terms associated with Marriott’s revised offer for Starwood increases execution risk and will ...

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Apple Hospitality REIT Favors Steady Approach to Growth

Apple Hospitality REIT Favors Steady Approach to Growth

In February, Apple Hospitality REIT released its 2015 earnings report. To be brief, last year was a very good year for the company. Comparable revenue per available room (RevPAR) grew 6.5 percent, adjusted earnings before interest, taxes, depreciation, and amortization ...

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The Rising Cost of Money

The Rising Cost of Money

Troubling events in the global economy—stock market volatility, weak growth in China, and plunging oil prices, among others—coupled with a moderate slowdown in industry growth, have hoteliers more cautious regarding new business opportunities. However, hiccups in the global economy do ...

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