1 Hotel's Surprising Move

The following video is from Monday's MarketFoolery podcast, in which host Chris Hill and analysts Jason Moser and Jeff Fischer discuss the top business and investing stories of the day.

The Hilton Midtown is the largest hotel in New York City, with nearly 2,000 rooms. Beginning in August, the Hilton will no longer offer room service and will cut 55 jobs as part of the move. What does this mean for other competitors? In this installment of MarketFoolery, our analysts discuss the big change in the hotel business.

The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.

The relevant video segment can be found between 13:21 and 17:37.

For the full video of today's MarketFoolery, click here.

The article 1 Hotel's Surprising Move originally appeared on Fool.com.

Chris Hill, Jason Moser, and Jeff Fischer have no position in any stocks mentioned. The Motley Fool owns shares of Choice Hotels International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.