New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:04 EDTHOTStarwood Hotels sees positive trends in North America in 2013
From the 2013 American Lodging Investment Summit in Los Angeles, Starwood Hotels & Resorts Worldwide announced that it opened 23 hotels in North America in 2012 and signed more new deals than in the previous two years, including 21 conversions. Looking ahead to 2013, Starwood anticipates its strongest year of openings in North America since before the global economic crisis with 28 scheduled openings. Conversions will continue to fuel growth with in-the-year conversions expected to result in additional new hotel openings this year. "There are a number of positive trends in the North American hospitality market and we expect more than one-third of Starwood's hotel openings around the world to be in the U.S. and Canada in 2013," said the company. "Our strong brands, global scale and presence, powerful systems and growing base of loyal customers continue to set Starwood apart from our competition. We are seeing increased interest among owners in initiating new hotels with Starwood especially around conversions."
News For HOT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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
Subscribe for More Information
06:34 EDTHOTStarwood initiated with a Buy at Evercore ISI
Subscribe for More Information
December 15, 2014
09:19 EDTHOTStarwood signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton
Subscribe for More Information
December 9, 2014
08:18 EDTHOTStarwood to debut first Luxury Collection hotel in Japan
Subscribe for More Information
December 8, 2014
07:09 EDTHOTStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
Subscribe for More Information
December 4, 2014
07:21 EDTHOTStarwood management to meet with Deutsche Bank
Meeting to be held on New York on December 4 hosted by Deutsche Bank.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use