February 09, 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. Third Quarter Results to 30 September 2011Continued outperformance by IHG's brands delivers 33% operating profit growth 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 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 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. 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 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 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. 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. 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. 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. InterContinental Hotels Group PLC Announces Americas RevPAR Growth to 31 August 2008InterContinental Hotels Group's ("IHG") annual conference for hotel owners in the Americas region commences this week. The revenue per available room (RevPAR) performance of IHG's brands in the Americas for August 2008 will be disclosed at this... 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 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... Hotel Indigo impresses with 26% room growth in Q1; continues building strong pipelineHotel Indigo continued its growth momentum with a strong first quarter 2008 as the brand opened three new hotels totaling nearly 400 rooms - increasing its room count by 26 percent. 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 Wyndham Worldwide Reports Solid Third Quarter 2008 ResultsWyndham Worldwide Corporation (NYSE:WYN) today announced results for the three months ended September 30, 2008. Hilton Reports Strong Second Quarter 2007 ResultsHilton Hotels Corporation (NYSE:HLT) today reported financial results for the second quarter and six months ended June 30, 2007. 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 Half Year Results to 30 June 2008Operating profit from continuing operations increased 10% to $242m. Excluding the $13m liquidated damages, continuing operating profit grew 4%. 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 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. 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... Hyatt Reports Third Quarter 2011 ResultsHyatt Hotels Corporation (NYSE: H) today reported financial results as follows 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... IHG Announces Change Of Reporting Currency To US DollarsInterContinental Hotels Group PLC ("IHG") intends to change the reporting currency of its Group accounts from sterling to US dollars, reflecting the profile of revenue and operating profit, which are now primarily generated in US dollars or US dollar-link Whitbread PLC preliminary results for the financial year to 28 February 2008Alan Parker, Chief Executive Whitbread PLC, said: "2007/8 was a year of excellent progress with good results across the Company. 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... Red Lion Reports First Quarter 2008 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the first quarter ended March 31, 2008, showing continued growth in RevPAR and EBITDA from continuing operations. 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 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... 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 Closes on Expanded Credit Facility with Wells FargoRed Lion Hotels Closes on Expanded Credit Facility with Wells Fargo 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... 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 March 13, 2008 to shareholders of record as of March 6, 2008. First Quarter Results to 31 March 2008Commenting on the results and trading, Andrew Cosslett, Chief Executive of InterContinental Hotels Group PLC said... Wyndham Worldwide Reports Solid Second Quarter 2008 ResultsWyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months ended June 30, 2008. Whitbread AGM Trading StatementWhitbread PLC, the hotel and restaurant group, will today report a positive start to the year at its Annual General Meeting. 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... 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 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 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... 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... Wyndham Worldwide Reports Solid First Quarter 2008 ResultsWyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months ended March 31, 2008. 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. 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... Choice Hotels International Increases Dividend By 9 PercentChoice Hotels International, Inc., (NYSE: CHH) today announced that its Board of Directors has approved a 9 percent increase in the quarterly cash dividend on the company's common stock, representing an increase from $0.17 to $0.185 per share,... Choice Hotels Reports Second Quarter 2007 Diluted EPS of $0.43, Domestic Unit Growth of 5.1%Choice Hotels International, Inc., (NYSE:CHH) today reported the following highlights for the second quarter 2007... Starwood Hotels & Resorts Worldwide, Inc. Announces Third Quarter 2008 Earnings Release DateStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it will release the Company's third quarter financial results prior to market open on Thursday, October 23, 2008, followed by a conference call at 10:30am ET. The conference... |
Features & Special Reports"The Proven Match" for Finding Qualified Franchisees Debuts on Franchising.com Ad PortalProven Match has teamed up with Franchise Update Media Group (FUMG) to give results-driven franchisors a cost-saving profiling service that delivers pre-qualified candidates. Restaurateur Extraordinaire: Sam Covelli Does It With More Than 200 LocationsSam Covelli says he grew up in the restaurant business working in his father's McDonald's. Running For Charity: Colortyme Franchisee Raises Money And Awareness For Children's HospitalThis April will mark the third year in a row that Al Coelho has run the 26-mile Boston Marathon. That's a significant achievement. But it's only a part of what Coelho will do that day. Turning Up The Heat: Learning How To Handle Irate Customers And Look Like A HeroIrate customers. No matter how good you are at what you do, what business you are in, or where it is located, you will at some point find yourself facing an irate customer. Sustaining Business: Zane Tankel On Growing During Tough TimesAs the economy continues to struggle through a slow recovery, business people everywhere are looking for any tools or techniques that will help them keep their businesses alive and thriving. Creating 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. 
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