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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."
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April 24, 2014
06:29 EDTHOTStarwood Hotels sees Q2 EPS 72c-76c, consensus 76c
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06:27 EDTHOTStarwood Hotels sees FY14 adjusted EPS $2.76-$2.83, consensus $2.79
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06:24 EDTHOTStarwood Hotels reports Q1 worldwide REVPAR for same-store hotels up 6.3%
Systemwide REVPAR for Same-Store Hotels in North America increased 7.1%. Worldwide REVPAR for Starwood Same-Store Owned Hotels increased 4.7%.
06:12 EDTHOTStarwood Hotels reports Q1 adjusted EPS 63c, consensus 56c
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April 14, 2014
08:45 EDTHOTStarwood Hotels debuts Element brand in Bozeman
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April 10, 2014
09:01 EDTHOTStarwood Hotels launches Aloft brand in Atlanta, Georgia
Starwood Hotels & Resorts Worldwide announced the grand opening of Aloft Atlanta Downtown, the first Aloft hotel in the state of Georgia. Owned by Tampa-based DeBartolo Development, LLC, and managed by Atlanta-based Banyan Investment Group, the 10-story property in downtown Atlanta underwent a multi-million dollar transformation prior to conversion. Aloft Atlanta Downtown offers 254 spacious, loft-like rooms, forward-thinking technology and a vibrant, social atmosphere.

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