The Hotel Sector is Trading Up Amid Marcato Capital Management/InterContinental Hotels Announcement

Loading...
Loading...
Earlier this morning Marcato Capital Management made announcement that confirmed a rumor reported by
The Wall Street Journal
over the weekend that the firm is working with InterContinental Hotels Group
IHG
to seek alternative that may enhance shareholders' value. Following the announcement, the hotel sector as a whole has largely received a small bump in share price. InterContinental is up ~0.25 percent while Hyatt Hotels
H
and Marriott International
MAR
are up ~0.35 and ~0.4 percent, respectively.
Posted In: NewsWall Street JournalRumorsMediaConsumer DiscretionaryHotels, Resorts & Cruise Lines
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...