Aug 03rd 2012 - Edison Investment Research today published a report on NH Hoteles entitled "Paddling Hard". In summary, the report says:
Despite laudable attempts at damage limitation, NH Hoteles (NH) remains in a bind with an admitted “slump” in demand in key trading areas, diminishing scope for efficiencies, and pressure to sell assets in adverse times to fund debt repayments. Reduced full-year guidance of stable RevPAR and recurring EBITDA may yet prove optimistic after consecutive quarterly downgrades. NH’s marked rating discount to international branded peers is understandable.
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