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GlobeSt.com EXCLUSIVE: Extended Stay Surges Out of the Pack

FORT LAUDERDALE, FL-UBS Warburg research rates the locally based developer-operator of extended-stay lodging facilities as the only "buy" stock out of the 12 national hotel companies that the New York-based financial services firm covers for its investors.

By David R. Corder | Updated on September 25, 2001

FORT LAUDERDALE, FL-Extended Stay America Inc., a locally based provider of extended-stay lodging facilities, is the only stock retaining a “buy” recommendation out of 12 national hotel companies covered by the New York-based financial services firm UBS Warburg.

Other companies–such as Palm Beach, FL-based Innkeepers USA Trust, Beverly Hills, CA-based Hilton Hotels Corp., Bethesda, MD-based Marriott International Inc., White Plains, NY-based Starwood Hotel & Resorts Worldwide Inc. and Dallas, TX-based Wyndham International Inc.–all earned “hold” recommendations in the report UBS Warburg issued for the week ending Sept. 21.

“Despite an average decline of 38% last week (the week of Sept. 10), we believe there is further downside risk to lodging stocks and do not recommend them at this time,” Keith Mills, UBS Warburg lodging industry analyst, says in the report.

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