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Stock Market & Financial Investment News

News Breaks
December 4, 2012
05:13 EDTHOTStarwood Hotels' Luxury Collection Hotels to invest $200M in renovations
The Luxury Collection Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, announces that the company and its owners are investing $200M to renovate and restore some of its hotels in Europe.
News For HOT From The Last 14 Days
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December 18, 2014
10:51 EDTHOTStarwood has $100M claim against Cuba, says Wells Fargo
Wells Fargo notes the Foreign Claim Settlement Commission certified in 2005 a claim for Starwood (HOT) against Cuba in the amount of $51.1M plus interest, implying a market value today of over $100M. Starwood has 500-plus acres of land around Havana that was seized in 2003. InterContinental (IHG) holds a certified $2.6M claim from 1959-1961, which equates to about $60M today, Wells adds. The firm does not expect the claims will be collected, but notes that if the embargo on Cuba is one day lifted, it's possible they could be traded for concessions or development entitlements.
10:01 EDTHOTOn The Fly: Analyst Initiation Summary
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06:34 EDTHOTStarwood initiated with a Buy at Evercore ISI
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December 15, 2014
09:19 EDTHOTStarwood signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton
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December 9, 2014
08:18 EDTHOTStarwood to debut first Luxury Collection hotel in Japan
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December 8, 2014
07:09 EDTHOTStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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