February 06, 2012
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Your Travel Franchise Financial News SourceFranchise News Watch brings you the latest in travel franchising financial news from around the web. As a news aggregator for the travel franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Travel Franchise Financial NewsStarwood Board Approves $250 Million Share Repurchase AuthorizationStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has approved a share repurchase authorization of $250 million. Wyndham Worldwide Completes $300 Million Term SecuritizationWyndham Worldwide Corporation (NYSE: WYN) today announced that it has completed a term securitization transaction involving the issuance of $300 million of asset-backed notes. Wyndham Worldwide Corporation Declares Cash DividendWyndham Worldwide Corporation (NYSE: WYN) announced today its Board of Directors declared a cash dividend of $0.15 per share on its common stock, payable December 9, 2011 to shareholders of record as of November 23, 2011. Hyatt Reports Third Quarter 2011 ResultsHyatt Hotels Corporation (NYSE: H) today reported financial results as follows Third Quarter Results to 30 September 2011Continued outperformance by IHG's brands delivers 33% operating profit growth Starwood to Redeem Its 7.875% Notes Due 2012Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it is exercising its option to redeem all of its outstanding 7.875% Notes due 2012, of which an aggregate principal amount of $605,127,000 is outstanding. Red Lion Hotels Reports Third Quarter 2011 Results and Achieves Strategic MilestonesRed Lion Hotels Corporation (NYSE: RLH), a western U.S. based owner and franchisor of midscale hotels, today announced its results for the third quarter ended September 30, 2011. Starwood Completes Sale of Timeshare LoansStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) completed a securitization involving the issuance of approximately $200 million of fixed rate notes by its affiliate, SVO 2011-A VOI Mortgage LLC. Starwood's Board Increases Annual Dividend by 67% to $0.50 Per ShareStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has declared the Company's annual cash dividend of $0.50 per share, an increase of 67% from the prior year. Wyndham Worldwide Receives Upgrade From Moody's to Investment-Grade RatingWyndham Worldwide Corporation (NYSE: WYN) today announced that Moody's Investors Service upgraded the company's senior unsecured ratings to Baa3 from Ba1. IHG Shares Global Repositioning Strategy for Crowne Plaza(R) Hotels & ResortsFrom its annual Americas Investors & Leadership Conference in Las Vegas, IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)] today shared the Crowne Plaza(R) Hotels & Resorts global repositioning strategy. Red Lion Hotels Completes Credit FacilityRed Lion Hotels Corporation (NYSE: RLH) completed its $40 million credit facility with Wells Fargo Bank making available up to $10 million on a revolving line, in addition to $30 million in term debt obtained in September 2011. The Sheraton Parsippany Announces $15 Million Renovation EffortThe Sheraton Parsippany Hotel today announced the launch of its $15 million refurbishment. On the heels of the Sheraton brand's recent $6 billion global revitalization, Sheraton Parsippany will embrace the brand Red Lion Hotels Closes on Expanded Credit Facility with Wells FargoRed Lion Hotels Closes on Expanded Credit Facility with Wells Fargo Choice Hotels to Report 1st Quarter 2011 Earnings on April 28, 2011; Conference Call to Be Held on April 29, 2011Choice Hotels International, Inc. (NYSE: CHH) today announced that it will report first quarter 2011 results on Thursday, April 28, 2011. The company will hold a conference call to discuss its first quarter 2011 earnings at 10:00 a.m. EDT on Friday, April Choice Hotels to Report 4th Quarter and Full-Year 2010 Earnings on February 21, 2011; Conference Call to Be Held on February 22, 2011Choice Hotels International, Inc. (NYSE: CHH) today announced that it will report fourth quarter and full-year 2010 results on Monday February 21, 2011. The company will hold a conference call to discuss its fourth quarter and full-year 2010 earnings at 1 Choice Hotels to Report 3rd Quarter 2010 Earnings on October 27, 2010; Conference Call to Be Held on October 28, 2010Choice Hotels International, Inc. (NYSE: CHH) today announced that it will report third quarter 2010 results after market close on Wednesday, October 27, 2010. The company will hold a conference call to discuss its third quarter earnings at 10:15 a.m. E Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc. (NYSE: CHH) today announced that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on October 15, 2010 to shareholders of record on October 1, 2010 Wyndham Worldwide Prices $250 Million of Senior Unsecured NotesWyndham Worldwide Corporation (NYSE: WYN) today announced the pricing of the public offering of $250 million aggregate principal amount of its senior unsecured notes due February 1, 2018. The senior unsecured notes offering is expected to close on Septemb Choice Hotels Reports Full Year 2009 Adjusted Diluted EPS of $1.71, Domestic Unit Growth of 4.0%Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for fourth quarter and full year 2009... Wyndham Worldwide to Report Fourth Quarter and Full Year 2009 Earnings on February 10, 2010; Conference Call and Webcast at 8:30amWyndham Worldwide Corporation (NYSE: WYN) today announced that it will report fourth quarter and full year 2009 results Wednesday, February 10, 2010. Steve Holmes, Chairman and CEO and Tom Conforti, Executive Vice President and Chief Financial Officer... Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc. (NYSE: CHH) today announced that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on January 15, 2010 to shareholders of record on January 4, 2010. Starwood Announces Completion of Its Cash Tender Offer for $300,000,000 Aggregate Principal Amount of Certain of Its Outstanding NotesStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today the completion of its cash tender offer (the "Tender Offer") to purchase up to $300 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2012... Red Lion Reports Third Quarter 2009 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the third quarter and nine-month period ended September 30, 2009. Summary results for the three and nine-month periods follow... Starwood's Board Approves Annual Dividend of 0.20 Per ShareStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has declared the Company's annual cash dividend of $0.20 per share. The dividend will be paid on January 14, 2010 to shareholders of record on... Wyndham Worldwide Reports Third Quarter 2009 ResultsWyndham Worldwide generated diluted adjusted earnings per share (EPS) of $0.58, compared with Company-issued guidance of $0.53 - $0.57. Reported EPS was $0.57. The Company raises full-year 2009 adjusted EBITDA guidance to $775 - $825 million, compared... Wyndham Worldwide Completes $350 Million Term SecuritizationsWyndham Worldwide Corporation (NYSE: WYN) today announced that it has completed two term securitization transactions involving the issuance of $350 million of investment-grade asset-backed notes... Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc. (NYSE: CHH) today announced that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on October 16, 2009 to shareholders of record on October 2, 2009. Red Lion Hotels Announces Termination of Shareholder Rights PlanRed Lion Hotels Corporation (the "Company") (NYSE: RLH) today announced the termination of the Company's Shareholder Rights Plan (the "Plan"). The Company entered into an amendment to its Plan, which accelerated the final expiration date of the Plan... Red Lion Reports Second Quarter 2009 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the second quarter and six-month period ended June 30, 2009. Summary results for the three and six-month periods follow... Choice Hotels Reports Second Quarter 2009 Adjusted Diluted EPS of $0.44, Domestic Unit Growth of 4.8%Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for second quarter 2009... Red Lion Hotels Corporation Added to Russell 2000(R) IndexRed Lion Hotels Corporation (NYSE: RLH) today announced that it has officially been added to the U.S. small-cap Russell 2000(R) Index after the Russell Investment Group reconstituted its comprehensive family of global indexes on June 26, 2009. Red Lion Hotels Corporation Set to Join Russell 2000(R) IndexRed Lion Hotels Corporation (NYSE: RLH) today announced that it anticipates being added to the U.S. small-cap Russell 2000(R) Index based upon preliminary disclosures by the index. The official addition is planned to occur after the Russell Investment... Wyndham Worldwide Prices $250 Million of Senior Unsecured Notes and $200 Million of Convertible NotesWyndham Worldwide Corporation (NYSE: WYN) today announced the pricing of $250 million aggregate principal amount of senior unsecured notes due 2014 and $200 million aggregate principal amount of convertible notes due 2012. Wyndham Worldwide Corporation Declares Cash DividendWyndham Worldwide Corporation (NYSE: WYN) today announced its Board of Directors declared a cash dividend of $0.04 per share on its common stock, payable June 12, 2009 to shareholders of record as of May 28, 2009. Choice Hotels Reports First Quarter 2009 Diluted EPS of $0.27, Domestic Unit Growth of 5.7%Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for first quarter 2009... Starwood Hotels & Resorts Worldwide, Inc. Announces First Quarter 2009 Earnings Release DateStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it will release the Company's first quarter financial results prior to market open on Thursday, April 30, 2009, followed by a conference call at 10:30am ET. The conference call Wyndham Worldwide Completes $46 Million Term SecuritizationWyndham Worldwide Corporation (NYSE: WYN) today announced that it closed a term securitization transaction on March 13, 2009, involving the issuance of $46 million of investment grade asset-backed notes by Special Asset Facility 2009-A LLC, an indirect... Wyndham Worldwide Updates Financial PlansWyndham Worldwide Corporation (NYSE:WYN) today announced it is withdrawing its intention to enter into an at–the–market equity sales program and will not enter into a distribution agreement or file a related prospectus supplement. Red Lion Reports Fourth Quarter and Full Year 2008 Results; Fourth Quarter RevPAR Decreased by 8.3%Red Lion Hotels Corporation (NYSE: RLH) today announced its results for the fourth quarter and full year ended December 31, 2008. Choice Hotels Reports Full Year 2008 Adjusted Diluted EPS of $1.78, Domestic Unit Growth of 6.1%Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for fourth quarter and full year 2008... Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc., (NYSE: CHH) today announced that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on April 17, 2009 to shareholders of record on... Red Lion Hotels to Report Fourth Quarter 2008 Results on Wednesday, February 11, 2009Red Lion Hotels Corporation (NYSE: RLH) today announced that it will report fourth quarter 2008 results after the market closes on Wednesday, February 11, 2009. Update to Previous Announcement - Choice Hotels Updates Dial-In Information for Company's 4th Quarter and Full-Year 2008 Earnings Conference Call on FChoice Hotels International, Inc. (NYSE: CHH) today updated the dial-in information for its conference call on Wednesday, February 11, 2009 at 10:00 a.m. EST to discuss the company's fourth quarter and full-year earnings. The company will report fourth... Red Lion Hotels Corporation Adopts Stockholder Rights PlanRed Lion Hotels Corporation (NYSE: RLH) today announced that its Board of Directors has adopted a stockholder rights plan. The Board adopted the plan to ensure that all the Company's stockholders are treated fairly at a time when the Company's shares... Choice Hotels to Report 4th Quarter and Full-Year 2008 Earnings on February 10, 2009; Conference Call to Be Held on February 11, 2009Choice Hotels International, Inc. (NYSE: CHH) today announced that it will report fourth quarter and full-year 2008 results after market close on Tuesday, February 10, 2009. The company will hold a conference call to discuss its fourth quarter and... Starwood Hotels & Resorts Worldwide, Inc. Announces Fourth Quarter 2008 Earnings Release DateStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it will release the Company's fourth quarter financial results prior to market open on Thursday, January 29, 2009, followed by a conference call at 10:30am ET. The conference.. Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc., (NYSE: CHH) announced today that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on January 16, 2009 to shareholders of record on January 5, 2009 Starwood Board Approves Annual Dividend of $0.90 Per ShareStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has declared the Company's annual cash dividend of $0.90 per share. The dividend will be paid on January 9, 2009 to shareholders of record on December... Red Lion Reports Third Quarter 2008 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the third quarter and nine months ended September 30, 2008. Despite a difficult market environment, RevPAR for the quarter at owned and leased hotels decreased by 1.0% while... |
Features & Special ReportsCreating a Cost-Effective Lead Generation StrategyFor many franchisors, the traditional advertising vehicles - portals, print advertising, PR, and broker networks - do not appear to be working as effectively as they were five years ago. New Highlights from the 2012 AFDRIn the previous two issues of FUSR, we published (1) a high-level overview of the 2012 Annual Franchise Development Report (AFDR), followed by (2) a selection of highlights from the report. Finding Your Optimal Buyer: Sellers Must Learn To Look Beyond PriceWhen sellers are contemplating a decision regarding the sale of their business, they overwhelmingly select the bidder with the highest price, only to find afterward that this might not have been the best decision for their circumstances. The Four Steps to Lead Generation Success, Part 4: Wow 'Em!This fourth installment builds on those ideas, showing how you can "wow" your candidates and the importance of how you present your concept to them. The Winner's Column - February 2012As savvy franchise companies continue to flourish in a volatile economy, FUSR continues to bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, innovating, and continuing to grow, whether domestically or overseas. Jim Collins to Keynote 2012 Multi-Unit Franchising ConferenceMulti-Unit Franchisee Magazine announced today that Jim Collins, business expert and best-selling author, will deliver the opening keynote address at the 2012 Multi-Unit Franchising Conference (MUFC). Growing Up Franchising: Sam Covelli Develops Both His Brands And EmployeesSam Covelli says he grew up in the restaurant business working in his father's McDonald's. Under his father's leadership, Covelli Enterprises eventually grew to 26 locations, one of the largest McDonald's franchisees in the country. Members Only: Ray Harrigill Builds A Successful Membership-Based Business ModelRay Harrigill believes in diversification. His Sunray Companies has restaurants (Bumpers Drive-In), tanning salons (Palm Beach Tan), fitness centers (Koko FitClub), and hotel properties (Hampton Inn), to name a few. That's because of lessons he's learned along the way. Creating Jobs: Zane Tankel Is Taking Matters Into His Own HandsZane Tankel is not waiting on any government job programs to help his business. CMO Roundtable - Using Profiling to Retain More CustomersWhat are some fresh, innovative ways you are using profiling, targeting,<br /> and loyalty programs to acquire and retain more customers? 
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