| Fitch Upgrades Hilton Hotels Ratings | | Posted Sunday, February 04, 2007 2:56:48 PM by Blog57 Team | | Credit ratings agency Fitch Ratings on Wednesday upgraded debt ratings on Hilton Hotels Corp. and revised its ratings outlook to "Positive" from "Stable." Fitch raised Hilton's issuer default, senior credit facility and senior note rating to "BB+" from "BB." "BB" is the highest junk bond rating and a plus or minus indicates the rating's status within major rating categories. Fitch said the upgrade reflects Hilton's attempt to decrease debt following its February acquisition of Hilton International. Since then, they have had about $1.6 billion of asset sales, according to Fitch. The pace of asset sales since the acquisition has been faster than Fitch anticipated following the transaction and Hilton retained long-term management/franchise agreements on most of the properties," Fitch said in a statement.... | |
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| | | A $750000 Room? Hilton, Starwood Sell Time Shares in New York | | Posted Tuesday, January 09, 2007 1:14:09 PM by Blog57 Team | | Jan. 8 (Bloomberg) -- Paul Higgins loves to visit New York. He doesn't like the struggle to find a good hotel room. So Higgins and his brother bought one instead. Paul and Michael Higgins, co-chief executive officers of Mississauga, Ontario-based Mother Parker's Tea & Coffee Inc., now own a time share in a two-bedroom apartment at the St. Regis Hotel on Fifth Avenue. It's theirs for eight weeks a year, complete with access to butler service and use of a chauffeured Bentley. ``The ability to get good accommodation in New York is becoming more and more difficult,'' said Paul Higgins, 55. ``There's certain times of year when you just can't get anything half decent.'' Time shares, once known for high-pressure sales pitches for properties that sometimes were never built, are attracting more members in Manhattan as hotel companies expand fractional ownership beyond resort destinations.... | |
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| | | More hotels opening their doors to Rutherford | | Posted Monday, January 08, 2007 3:01:00 PM by Blog57 Team | | New hotel construction didn't arrive soon enough for the family and friends of Wade Hays when they wanted to get together recently. "All the hotels and motels were booked," said Hays, the owner of the Toot's Restaurants in Murfreesboro and Smyrna. "We had to postpone it. Every time Murfreesboro and Rutherford County gets larger, the hotels just seem to get booked up year round. That's what I'm hearing and experiencing in talking with travelers and people in our community." .... | |
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| | | All Star Analysts Portfolio Highlights: GlobalSantaFe, Hilton ... | | Posted Thursday, November 23, 2006 12:58:42 PM by Blog57 Team | | CHICAGO--(BUSINESS WIRE)--Zacks.com just released its latest additions and deletions to its proprietary All Star Analyst portfolio. Members on this exclusive list include GlobalSantaFe Corporation (NYSE: GSF), Hilton Hotels Corporation (NYSE: HLT), NCI, Inc. (NASDAQ: NCIT) and Transocean Inc. (NYSE: RIG). View the entire list of stocks on the All Star Analyst portfolio at http://at.zacks.com/?id=510 This exclusive portfolio represents all stocks with a Strong Buy rating from at least four analysts with a 5-Star All Star ranking. These are the brokerage analysts whose stock recommendations proved to be the most profitable for investors. Since July 2002, this portfolio has generated an annualized return of 9.34%, exceeding the S&P 500. Here is a synopsis of why these stocks are in the All Star Analysts Portfolio: GlobalSantaFe Corporation (NYSE: GSF) said its contract drilling segment improved significantly in the third quarter as the strength of international offshore drilling markets continued.... | |
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| | | Icahn Reports New Stake in Hilton | | Posted Tuesday, November 14, 2006 11:01:42 PM by Blog57 Team | | Icahn Management LP on Tuesday disclosed new holdings in Hilton Hotels Corp., Cyberonics Inc. and WCI Communities Inc. In a report for the quarter ended Sept. 30, billionaire Carl Icahn's money management firm also reported eliminating holdings in Transocean Inc., BJ's Wholesale Club Inc., BKF Capital Group Inc., Cimarex Energy Co., Symantec Corp., Pioneer Natural Resources Co. and Ryland Group Inc. The firm also reported increasing its Time Warner Inc. stake to 55 million shares as of Sept. 30 from 49.6 million shares as of June 30. Separately, Carl Icahn, as an individual, reported increasing his stake in Time Warner to 13.65 million shares as of Sept. 30, from 12.3 million shares in the prior quarter. Institutional investors that hold more than $100 million worth of stock in public companies are required to disclose their stockholdings at the end of each quarter in filings with the Securities and Exchange Commission.... | |
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| | | City's 10th-largest hotel up for sale | | Posted Monday, November 13, 2006 7:13:21 AM by Blog57 Team | | Hilton Hotels Corp. plans to put the Hilton Atlanta Airport up for sale, as the company continues to sell off its major real estate assets. The company, which owns only 60 hotels, is driving to slash that number even further to about 15 hotels total worldwide. That means that some of Hilton's best- performing assets -- including massive convention and airport lodges -- are being made available to the real estate market for the first time in the company's history. .... | |
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| | | Condo Hotels: A new trend in property ownership | | Posted Saturday, November 11, 2006 7:11:45 PM by Blog57 Team | | What is more perfect than owning a beautiful vacation home, located in the plush surrounds of a world class resort and receiving rent for it? Welcome to the world of Condo hotels, the latest trend in vacation-home-ownership. So what are Condo Hotels? A CondoTel (short for condo hotel) is a group of luxury condominiums (very much like that in hotels) where each unit is owned by an individual; in most cases as a vacation home. The entire block of condominiums is typically managed as a hotel unit and usually done so by one entity/ brand. CondoTel owners get to stay in their condominium when they choose for a period of time that is decided upon in consultation with the operator. Typically the duration of a medium length holiday lasts for 4-5 weeks. Post vacation, when the owner moves back to his base and leaves the condominium, he has the option of placing his unit in an organized rental program that is run by the developer /operator of the condominium complex.... | |
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| | | HFTP Fellowship Established at the University of Houston s Conrad N. Hilton College of Hotel and Restaurant Management | | Posted Friday, November 10, 2006 3:13:00 AM by Blog57 Team | | AUSTIN, TX | Hospitality Financial and Technology Professionals (HFTP) has pledged to support an HFTP Fellow at the University of Houston's Conrad N. Hilton College of Hotel and Restaurant Management. The fellow will be awarded to the director of the HFTP Research Institute at the University of Houston, which was established in January 2000. The current director is Tanya Venegas, MBA, MHM, who has worked at the research institute since its inception. "This fellowship aligns with HFTP's dedication to hospitality education," said HFTP Vice President Anna McFarland, CPA, CFE, CHAE, CHTP; senior director of finance for Accor North America - Business & Leisure Hotels. "This endowment will help establish the permanency of the HFTP Research Institute and help it continue to conduct important industry research." The creation of this fellowship allows HFTP to partake in a dollar-per-dollar matching program available from the Conrad N.... | |
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| | | Coral Hotels & Resorts and Hilton Hotels Corporation End Their ... | | Posted Wednesday, November 08, 2006 1:03:31 PM by Blog57 Team | | SANTO DOMINGO, Dominican Republic & BEVERLY HILLS, Calif.-Coral Hotels & Resorts and Hilton Hotels Corporation (NYSE:HLT) announced today the joint decision to dissolve their agreement to develop the Coral by Hilton brand. The decision, reached by mutual agreement, is effective Oct. 31, 2006. This de-branding stems from a mutually agreed and amicable decision, states Simon Suarez, executive vice president of Coral Hotels & Resorts. The superior infrastructure and unique characteristics of Coral Hotels & Resorts guarantee seamless branding without starting from zero. Under the new structure, guests will continue to enjoy four exciting all-inclusive resorts with a wide variety of activities and accommodations to please any discerning traveler. Hilton has enjoyed a successful three year relationship with Coral Hotels & Resorts.... | |
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| | | Architect says Nicky Hilton took credit for his ideas | | Posted Wednesday, November 08, 2006 7:03:23 AM by Blog57 Team | | When developers signed Nicky Hilton to their new South Beach condo-hotel project, the young star brought them exposure that real estate publicists only dream of: a Vanity Fair mention, architectural renderings in People, even encouraging words from David Letterman. Now the venture is awash in another byproduct of fame: sneering celebrity gossip. Los Angeles architect Nizar Idrisi accuses the 23-year-old of taking credit for his designs of the Nicky O hotel, and he's eager to dish to the media. ''I've never seen her lift a pen. I've never seen her draw anything,'' Idrisi said Monday. His story has the makings of a juicy tabloid tale, including heated e-mails from Hilton's inner circle, catty comments about the star's poolside behavior, even a connection to the O.J.... | |
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