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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:25 EDTHOT, IHGStarwood may have considered buying IHG in Q1, says FBR Capital
After The Sunday Times reported that InterContinental Hotels (IHG) turned down a takeover bid from an unknown U.S. bidder, FBR said the transaction would have made sense for Starwood Hotels (HOT). The firm believes Starwood may have considered the idea in Q1 since the company did not repurchase any shares. However, it notes recent commentary from management indicates he company intends to exhaust the remaining $614M share buyback authorization before the end of the year, signaling that such a transaction is no longer in the works. FBR views a potential acquisition of InterContinental by Starwood as a "low probability."
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September 16, 2014
16:33 EDTHOTStarwood continues to expand Latin American portfolio
From the South American Hotel Investment Conference in Quito, Starwood Hotels & Resorts Worldwide announced that it is continuing its aggressive growth strategy in Latin America with significant gains across its Specialty Select Brandsí, Four Points by Sheraton and Aloft. Currently, Starwood operates 80 hotels in the region, with 17 additional properties under development. The company also announced the appointment of Victor Vazquez to the role of Vice President, Development and Acquisitions for Latin America.
09:17 EDTHOTStarwood says Aloft brand to debut in El Paso, Texas
Starwood Hotels & Resorts Worldwide announced plans for its leading-edge Aloft brand to debut in El Paso, Texas. Owned by Bassett Partners EP and managed by Aimbridge Hospitality, Aloft El Paso Downtown is scheduled to open in July 2016, featuring 100 rooms.
September 11, 2014
08:46 EDTHOTStarwood plans Las Alcobas luxury hotel debut
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