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Strategies & Market Trends : Meristar Hotels & Resorts (MMH)
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To: professor who wrote ()11/2/1998 3:21:00 PM
From: professor  Read Replies (1) of 21
 
Meristar Update:
1. Co. will announce earnings on November 4. Conference call is (800)946-0782 at 12 EDT.
2. MMH announced three new management contracts, bringing its managed portfolio to 215 hotels. Two of the properties are owned by Winston Hotels and the third is owned by MBL&RJ. This is great news and we should expect more of these in the next few months.
3. Pequod Investments filed again and raised their stake in MMH to 7.9% from 5.3%. The stock is getting more tightly held.
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