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IHG Will Focus on Non-Luxury Brands as It Pulls Back on Wild Growth

The global pandemic significantly curtailed IHG's expansion streak, with 2020 seeing barely any room growth. ....

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Service Properties Trust Fourth Quarter 2020 Conference Call Scheduled for Monday, March 1st

Press release content from Business Wire. The AP news staff was not involved in its creation.
Service Properties Trust Fourth Quarter 2020 Conference Call Scheduled for Monday, March 1st
February 1, 2021 GMT
NEWTON, Mass. (BUSINESS WIRE) Feb 1, 2021
Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2020 results after the Nasdaq closes on Friday, February 26, 2021. On Monday, March 1, 2021 at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will host a conference call to discuss these results.
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The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled ....

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Here are some of the biggest winners and losers among Mass. stocks in 2020

Here are some of the biggest winners and losers among Mass. stocks in 2020
Biotech, work-from-home stocks led the way while banks, clothiers, and landlords suffered
By Jon Chesto Globe Staff,Updated January 17, 2021, 3:56 p.m.
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Moderna s COVID-19 vaccine helped make its stock the strongest performer in 2020 of the 25 most valuable companies in Massachusetts, based on market capitalization.Cheney Orr/Bloomberg
For most stock investors, 2020 turned out to be a banner year, after all. Equities did more than than just bounce back from their steep dive at the onset of the pandemic in March. Most actually thrived amid all the economic carnage: The Russell 3000 and Standard & Poorâs 500 indexes, for example, reached new heights by Decemberâs end after gaining 18 percent and 16 percent, respectively, during the year. ....

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Hyatt serves notice to terminate management of 22 Hyatt Place hotels: Travel Weekly

Service Properties Trust has received a notice of termination regarding the management agreement for 22 properties owned by subsidiaries of the company. ....

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Sonesta to acquire Red Lion Hotels parent: Travel Weekly

The RLH Corp. acquisition caps a busy 2020 for Sonesta, which added more than 200 former InterContinental Hotels Group and Marriott International hotels to its portfolio earlier this year. ....

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