Tag: amp resorts

ARTISAN HOTEL TRANSFORMS INTO THE LEXI, A NEW LANDMARK BOUTIQUE HOTEL IN LAS VEGAS SET TO BECOME THE DESTINATIONS FIRST CANNABIS-FRIENDLY PROPERTY

Multi-Million Dollar Rebrand and Redesign set for Spring 2023

LAS VEGAS, Jan. 17, 2023 /PRNewswire/ — In a town known for its “bigger is better” philosophy, there is a new reimagined property set to bring an intimate and modern travel experience to Las Vegas, and it will make its stunning debut this spring. Open while undergoing a multi-million-dollar renovation, the once famed Artisan Hotel Boutique is evolving into The Lexi – Elevations Hotels and Resorts new 64 room hotel that will be the first in Las Vegas to embrace the idea of cannabis-friendly hospitality.

The Lexi Las Vegas

The Lexi Las Vegas

ARTISAN HOTEL TRANSFORMS INTO THE LEXI, A NEW LANDMARK BOUTIQUE HOTEL IN LAS VEGAS SET TO BECOME DESTINATIONS FIRST CANNABIS-FRIENDLY PROPERTY

Located just minutes from the Las Vegas Strip, The Lexi is embracing its small and cheeky mentality, and will feature all new guest rooms, including an entire fourth floor that will be designated cannabis-friendly. While recognizing and normalizing the idea of cannabis in travel, The Lexi is set on creating a premium hospitality concept, an inspired culinary and cocktail program, and launching a spring/summer pool party season.  Additionally, The Lexi will ultimately offer a membership initiative that is part of Elevation Hotels & Resorts proprietary program, Elevations Nation; a membership program for individuals with a wanderlust mindset, cannabis enthusiasm, and taste for new experiences.

The Lexi will also be home to a new Cajun inspired steakhouse helmed by Executive Chef Jordan Savell (Hell’s Kitchen, Season 19), the high-energy newly designed Artisan Bar & Lounge and The Lexi Pool (one of Las Vegas’s only European style pool experiences). Additionally, The Lexi has created a new grand lobby that is highlighted by its towering ceilings, an indoor water feature, a new walk-up Cafe, cocktail service and live music and intimate

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Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Truist Financial Corp


Truist Financial Corp trimmed its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 17.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,792 shares of the company’s stock after selling 6,239 shares during the period. Truist Financial Corp’s holdings in Host Hotels & Resorts were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HST. Desjardins Global Asset Management Inc. acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $40,000. Riverview Trust Co raised its position in shares of Host Hotels & Resorts by 83.6% during the 1st quarter. Riverview Trust Co now owns 2,389 shares of the company’s stock worth $46,000 after purchasing an additional 1,088 shares during the last quarter. CWM LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $48,000. UMB Bank N A MO acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $50,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Host Hotels & Resorts by 80.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,030 shares of the company’s stock worth $52,000 after purchasing an additional 1,350 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HST. Deutsche Bank Aktiengesellschaft lifted their price objective on Host Hotels & Resorts from $23.00 to $26.00 in a research report on Friday, May 6th. Jefferies Financial Group upgraded Host Hotels & Resorts from a “hold” rating to

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Go Where You Want to Go: Inspiring Ideas for Your Next Travel Adventure

Travel

Dubrovnik, a port of call in Croatia for Emerald Cruises’ Azzurra, on the Adriatic. Photo: Vladimir Zakharov/Getty Images

From celebrity-approved destinations at home and away to new ways to cruise or stay active on your getaway, check out some inspiring ideas for your next trip.

 

1. Seeking Susan

 

Celebs of a certain vintage have long been the faces for fashion and beauty brands and now they’re selling the glamour of globetrotting as well. Boldface names include Morgan Freeman, 84, for Turkish Airlines; Giorgio Armani, 87, Italy’s ambassador for tourism; and Robert DeNiro, 78, teaming up with tennis legend Roger Federer, 40, for the Swiss Tourist Board.

Susan Sarandon, 75, is now a brand ambassador for Fairmont Hotels & Resorts. The Oscar-winning actor also helped develop the brand’s latest campaign. Based on the feeling travel experiences bring, it acknowledges the visionaries who created Canada’s first grand railroad hotels in the 1880s.

“It started in Canada,” said Sarandon, at the launch at The Plaza in New York in late 2021, “when the American railroad baron Sir William Cornelius Van Horne had the dream of bringing tourists to what were some of the most remote and pristine parts of the Canadian landscape.”

Those first hotels, built by Canadian Pacific Railway (CPR), acted as a social network between key cities and the wilds. In 1999, CPR acquired Fairmont and merged its properties under the Fairmont banner. It’s since been flipped — now one of Accor’s 50+ brands, along with Raffles, it ups the hospitality giant’s luxury game. For Sarandon, that landscape still represents untouched nature and a connection between historic and modern. The Empress in Victoria and Alberta’s Banff Springs are among her favourites. In a world that’s finally opening up again, she expressed what’s at the heart

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Host Hotels & Resorts: Rebound In Upside, Risks Remain (HST)

Modern Hotel Room With Double Bed, Night Tables, Tv Set And Cityscape From The Window

onurdongel

Investment Thesis: While Host Hotels & Resorts could see some upside if RevPAR levels improve, high debt and a decline in cash levels remain risk factors.

In a previous article back in April, I made the argument that Host Hotels & Resorts (NASDAQ:HST) could be set to benefit from rising real estate prices as a result of inflation. However, I also cautioned that the company would also need to ensure that it maintains sufficient cash reserves to continue funding its expansion.

Since April, the stock has seen a significant decline – in line with that of the broader market.

investing.com

investing.com

The purpose of this article is to determine whether Host Hotels & Resorts can potentially see a rebound in upside going forward.

Performance

From a revenue standpoint, we can see that while Host Hotels & Resorts has yet to see a rebound to 2019 levels – revenue growth is still far above what it was in the quarter of March 2021.

Host Hotels & Resorts: First Quarter 2022 Operating Results

Host Hotels & Resorts: First Quarter 2022 Operating Results

However, I previously cautioned that the company also needs to control its cash to total debt levels – as this will be necessary to fund the purchases of new properties before prices rise further.

From the below, we can see that the portion of cash relative to total debt has decreased significantly since the last quarter – meaning that the company has less immediate cash available to meet its liabilities.

December 2021 March 2022
Cash and cash equivalents 807 266
Total debt 4891 4210
Cash to total debt (%) 16.49% 6.32%

Source: Figures sourced from Host Hotels & Resorts First Quarter 2022 Operating Results. Cash to total debt calculated by author.

In this regard, while the company has seen diluted earnings per share rebound to positive territory

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