Hyatt Hotels develops, owns, operates, manages, franchises, licenses, or provides services to full and select service hotels, resorts, and residential and vacation properties worldwide. It operates its properties under the Hyatt, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place, Hyatt House, Hyatt Ziva, Hyatt Zilara, Hyatt Residence Club, Hyatt Gold Passport, and Hyatt Resorts brands. The company was founded in 1957 and is based in Chicago, Illinois.
Investment Thesis: The stock could see short-term downside as optimism of a quick "vaccine-led recovery" in the sector starts to fade. However, the longer-term growth prospects for the hotel remain favorable. I would deem the stock to be attractive at the pre-November range of $50-60. Hyatt Hotels Corporation (H), like...
Discount Fountain on Seeking Alpha | January 22, 2021
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) announced today that it will release fourth quarter 2020 financial results on Wednesday, February 17, 2021, after market close, followed by a conference call on Thursday, February 18, 2021 at 10:30 a.m. CT.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has received a notice of termination from a subsidiary of Hyatt Hotels Corporation, or Hyatt, with respect to the management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC. Hyatt’s obligations under the management agreement, which requires minimum returns of $22.0 million annually, is supported by a $50.0 million limited guaranty. While Hyatt is current on its payments to SV