Stock Analysts

Telefonica to Modify Latin American Businesses to Aid Sales

In order to supplement top-line growth, Telefonica, S.A. TEF is mulling to restructure its Latin American businesses, while remaining focused in other key European markets and the United States. With a major upheaval in the cards in eight Latin American markets in which it operates, including Mexico, Colombia and Argentina, the company aims to “reinvent” itself amid a challenging macroeconomic environment. […]

Stock Analysts

Hyatt’s Andaz Brand to Debut in Czech Republic, Eyes Growth

In a bid to maintain its position as the fastest-growing global hospitality company, Hyatt Hotels Corporation H has been strengthening its presence worldwide. Recently, the company announced that one of its affiliates inked a deal with UBM Development AG to develop Hyatt’s first Andaz brand property named Andaz Prague, in Czech Republic. Notably, this 175-roomed hotel, situated at Senovazne Square, is in the close proximity to Prague’s world-famous Old Town […]

Mergers & Acquisitions

American Hotel Income Properties Announces Agreement to Acquire 12 Premium Branded Hotels for $191.0 Million

American Hotel Income Properties Announces Agreement to Acquire 12 Premium Branded Hotels for $191.0 Million PR Newswire VANCOUVER, Nov. 28, 2019 AHIP also confirms completion of the previously announced profitable sale of the Economy Lodging portfolio for gross proceeds of $215.5 million Acquisition of the 12 Premium Branded hotels at an approximate 8% capitalization rate The hotels, all built in the last five years, are being acquired below replacement cost Transaction follows completion of the sale of the Economy Lodging portfolio; AHIP is now exclusively a premium branded hotel REIT The acquisition will be financed using proceeds from the sale of the Economy Lodging portfolio and a new interest-only fixed-rate term loan (All numbers are in U.S. […]

Stock Analysts

Curtiss-Wright Signs Agreement to Acquire 901D Holdings

Curtiss-Wright Corporation CW recently signed an agreement to purchase the stock of 901D Holdings, LLC for $132 million in cash. The acquisition is expected to conclude in December 2019, subject to the receipt of regulatory approval and other closing conditions. On completion of the transaction, 901D Holdings will operate within Curtiss-Wright’s Defense segment […]