The operating environment in the hotels and lodging sector has continued to deteriorate in the last few quarters, and we expect hotel industry operating metrics to remain stretched in the near term. As the recession continues, both business and leisure travelers are cutting back on their trips. However, with some early signs of economic recovery, we believe that hotel occupancy will improve in the fourth quarter of 2009 and in 2010. Though occupancy levels are expected to pick up, pricing pressures will continue as hotels will carry on offering heavily discounted rates to draw in travelers. As such, profits will remain cagey in this environment. In evaluating hotel companies such as Starwood Hotels and Resorts Worldwide Inc. (HOT) and Marriott International Inc. (MAR) during this down cycle, we will be paying close attention to changes in average daily room rates as an indication of how ...

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Tuesday July 28, 2009

PennyOmega.com Stock Report!

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Comcast, (Nasdaq: CMCSA, CMCSK) the nation’s leading provider of entertainment, information and communications products and services, today announced it is launching next-generation DOCSIS 3.0 and making the leap from broadband to wideband in San Francisco’s East Bay and North Bay area’s (see complete list of cities below). With the launch, Comcast has now completed its rollout of the fastest and most reliable wideband service in the San Francisco Bay Area. The company previously deployed wideband in the San Jose-Silicon Valley area, in San Francisco and on the Peninsula, in portions of the East Bay and in the Monterey-Salinas area earlier this

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Morgans Hotel Group (”MHG”) is a hospitality company that focuses on the purchase and redevelopment of elegantly upscale boutique-style hotels. Since its inception in 1984, MHG has acquired a portfolio of nine properties spread over the cities of New York, Miami, L.A., San Francisco, and London. In all, the company operates more than 2,500 rooms in some of the world’s most desirable resort locations.

Aside from its nine world-renowned establishments, MHG and an equity partner own the Las Vegas Hard Rock Hotel and Casino, which is currently undergoing an expansion. There are also a number of other properties that the company is pursuing in various gateway cities. 2009 will mark the opening of the Mondrian South Beach (Miami), and ground-breaking on the Mondrian SoHo in NY, and the Ames Boston.

MHG is certainly a company to watch for several reasons. The facilities that it currently operates are among some of the

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