- Barrons.com•18 days ago
Luxury hotelier Belmond held an analyst day in New York earlier this summer at its own 21 Club restaurant, and laid out a new plan for doubling results by 2020. The first speaker in the Q&A queue called the plan “not a whole lot different from what we heard a few years ago,” adding that it felt like “déjà vu all over again.” Investors’ frustration might be justified, given that Belmond’s stock (BEL) hasn’t budged in almost four years, despite the company’s efforts to spur growth. The dual-class share structure gives holders of the Class A shares no say, and the board has spurned two takeover offers at significant premiums in the past 10 years.
- Zacks•3 years ago
Starwood Hotels announced the opening of three hotels in China, one in Bijie City in Guizhou Province, another in Hebei Province and a resort in Huizhou in Guangdong.
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