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Starwood to Bring Aloft to Kentucky - Analyst Blog


Starwood to Bring Aloft to Kentucky - Analyst Blog


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Login initNav(); makeAd('2','120x60',is_dartSite,'bookend_left',','); Search $(function(){ $('#stock-search-text').focus(); }); Nasdaq_Quotesearch.init(); makeAd('2','120x60',is_dartSite,is_dartZone,','); displayLoginStatus(false, null, null, null, "http://community.nasdaq.com"); if(useBRad) { is_dartZone = 'article'; } Starwood to Bring Aloft to Kentucky - Analyst Blog By Zacks.com,  February 28, 2014, 05:20:01 PM EDT A A A Vote up Comment Share | Subscribe var addthis_config = { "data_track_clickback": true }; Leading hotelier Starwood Hotels & Resorts Worldwide Inc. ( HOT ) is set to introduce an Aloft-branded property in Louisville, KyChristened - Aloft Louisville Downtown - the hotel is slated for an Apr 2015 opening and will mark the brand's entry into the state.makeZacksArticleAd(); Aloft Louisville Downtown, jointly owned by REI Real Estate Services, LLC and Poe Companies, LLC, comprises 167 roomsThe hotel offers essential and exclusive amenities like a pool, a fitness center and a meeting space spanning an area of 2,000 square feet, which make it suitable for both leisure as well as business travelersPositioned in the heart of Louisville's commercial district, the hotel is close to KFC Yum! Center, the Kentucky Center for the Performing Arts and the Waterfront Park. Starwood's mid-scale and contemporary lifestyle brand, Aloft, has been riding on a high growth trajectory since its launch in 2008 and has already forayed into North America, Europe, the Middle East, Latin America, India, Southeast Asia and ChinaThe Aloft concept goes well with modern travelers seeking a unique experience.makeSecondArticleAd(); The brand's affordable price point in the mid-market hotel category is another reason for its increasing popularityThe company currently boasts as many as 75 Aloft-branded properties worldwideAloft has seen solid growth in 2013 as it debuted in various locations including Riyadh, Saudi Arabia and Suwon-city, South KoreaRecently, Starwood announced that it will take the brand to Sarasota, Flain Aug 2015, which will be the seventh Aloft-branded property in Florida. Starwood is consistently trying to expand its global presence like other hoteliers Hyatt Hotels Corporation ( H ) and InterContinental Hotels Group plc ( IHG )In Jan 2014, the company declared that despite the present worldwide macroeconomic turmoil, it signed 152 hotel management and franchise deals in 2013, reflecting a 16% year-over-year increase. With the rise in global travel demand and increasing wealth, Starwood expects 2014 to be solid in terms of openings and new agreementsThe company will continue to concentrate on the fast-growing areas where demand is substantially high but supply remains limited. Starwood recently posted mixed fourth-quarter 2013 results. While the company's adjusted earnings beat the Zacks Consensus Estimate, its revenue missed the same. Starwood currently has a Zacks Rank #4 (Sell)A better-ranked stock in the hotel industry is Marriott International, Inc. ( MAR ) carrying a Zacks Rank #2 (Buy). HYATT HOTELS CP (H): Free Stock Analysis Report STARWOOD HOTELS (HOT): Free Stock Analysis Report INTERCONTL HTLS (IHG): Free Stock Analysis Report MARRIOTT INTL-A (MAR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. --> This article appears in: Investing , Business , Stocks --> Referenced Stocks: H , HOT , IHG , MAR display"> Related Business Articles Subscribe Telecom Stock Roundup: FCC Wraps Up AWS-3 Spectrum Auction, Revs up Broadband Speeds - Analyst Blog 2/05/2015 03:47 PM Will Ocwen's Rating Downgrade Have a Lasting Impact? - Analyst Blog 2/05/2015 03:41 PM China Stock Roundup: CNOOC to Cut 2015 Capex, Alibaba Misses - Analyst Blog 2/05/2015 03:36 PM Zacks.com See all for Zacks.com View Print Version More from Zacks.com: Hyatt Sells 5 Hotels as Part of its Asset Light Strategy - Analyst Blog Starwood's (HOT) Westin Brand to Open Hotel in Dallas - Analyst Blog Hilton Further Expands in China with DoubleTree Brand - Analyst Blog Most Popular Highest Rated Justice Department Probes Moody's Investors... 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Stocks Referenced H 67% Rate It HOT 67% Rate It IHG 100% Rate It MAR 67% Rate It checkReferencedSymbolsforZacks(); Most Active by Volume function mostactiveModuleClick() { var s = s_gi(s_account); s.linkTrackVars = 'prop1,events'; s.linkTrackEvents = 'event12'; s.prop1 = propVar; s.events= 'event12'; s.tl(this, 'o', 'module:mostactive'); return true; } BAC 72,611,215 $15.97 ▲ 1.14% SIRI 58,096,028 $3.695 ▲ 2.35% PFE 53,667,732 $32.99 ▲ 2.87% CX 49,000,150 $9.985 ▲ 13.59% TWTR 40,856,797 $41.30 ▲ 1.42% AAPL 39,559,037 $119.88 ▲ 0.66% PBR 38,405,488 $7.10 ▼ 2.20% SD 37,004,680 $2.20 ▲ 19.57% As of 2/5/2015, 03:59 PM More Most Active if(document.location.href == "http://www.nasdaq.com/article/the-nasdaq-composite-index-a-14year-retrospective-cm340951") makeAd('3', '300x250', 'mktsnews', 'COMP', ', '); else makeAd('3', '300x250', 'home', ', ', '); makeAd('3','300x130','mktsnews','Dianomi',','); Featured Brokers if(!isEditorsPick)makeAd('4', '120x60', 'home', 'panel1_ul', ', '); if(!isEditorsPick)makeAd('5', '120x60', 'home', 'panel1_ur', ', '); if(!isEditorsPick)makeAd('6', '120x60', 'home', 'panel1_ll', ', '); if(!isEditorsPick)makeAd('7', '120x60', 'home', 'panel1_lr', ', '); Compare Online Brokers Find a Credit Card Select a credit card product by:  Card Type  Credit Score  Card Issuer Select an offer: 0% APR Credit Cards Airline Credit Cards Balance Transfer Credit Cards Business Credit Cards Cash Back Credit Cards Charge Cards Charge Cards for Business EMV Smart Chips Gas Cards Home Improvement Rewards Credit Cards Instant Approval Credit Cards Low Interest Credit Cards No Annual Fee Credit Cards No Foreign Transaction Fee Credit Cards Points Rewards Credit Cards Prepaid & Debit Cards Reward Credit Cards Student Credit Cards Top 10 Best Credit Card Deals and Offers Cards for Bad Credit Credit Quality Average Credit Quality Excellent Credit Quality Fair Credit Quality Good No Credit History Barclaycard Capital One Capital One Cash Back Capital One Fair Credit Capital One Miles Capital One Points Capital One Prepaid Credit Cards Chase Citi Credit Cards Discover First PREMIER® Bank MasterCard U.SBank USAA Savings Visa Search Data Provided by BankRate.com makeAd('8', '300x600', 'btf', 'btf_article', ', '); makeAd('9', '300x250,300x600', 'btf', 'btf', ', '); google_ad_client = "pub-1861191755926748"; google_ad_width = 728; google_ad_height = 90; google_ad_region= "test";//allow for more than 3 google ads googleSetFooterAdSlotAndHints();//set ad slot and hints fields netseer_tag_id = "18729"; netseer_ad_width = "725"; netseer_ad_height = "40"; netseer_task = "ad"; netseer_imp_type = "1"; netseer_imp_src = "2"; NASDAQ.com Company News Annual Report Contact Advertise on Nasdaq.com NASDAQ OMX About NASDAQ OMX NASDAQ OMX Listing Center NASDAQ OMX Technology NASDAQ OMX Investor Relations Public Policy Advocacy Terms of Use Privacy Policy Sitemap General Feedback O_GoT('Feedback'); Edit Favorites Enter up to 25 symbols separated by commas or spaces in the text box belowThese symbols will be available during your session for use on applicable pages. 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