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Smedes Rose

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en There is already a lot of evidence of demand for mid-level hotel services in places like India and China. A Hampton Inn by Hilton might resonate with the Chinese consumer as quality without being particularly expensive.
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en Strategically this deal makes sense. Hilton not only integrates the international component of the Hilton brand, but allows for development of non-Hilton brands outside of the United States.
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en There's a lot of musical chairs going on.
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en In some cases, private valuations have surpassed public valuations in the hotel business. I'm surprised this didn't happen sooner.
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en In our view, shares could face near-term pressure as the company works through high start-up costs associated with Red Rock, increases in promotional spending, and competitive responses.
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en It was a really good quarter. It seemed to be driven by better results out of New Orleans .... and the Caesar's integration into Total Rewards appears to be capturing a lot of customers.
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en The Caesar's integration into Total Rewards appears to be capturing a lot of customers.
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en Offers will probably get toward $50 (per share), but probably not much above that. We still haven't heard from Colony or Columbia Sussex.
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