Starwood Hotels upgraded to Buy from Neutral at Janney Capital Janney Capital upgraded Starwood Hotels due to improving lodging fundamentals and potential asset sales. Price target raised to $67 from $55.
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Starwood Hotels invests over $400M in refreshing NYC portfolio Starwood Hotels & Resorts Worldwide announced that together with its owner and developer partners, it has invested more than $400M to revitalize its New York City portfolio of hotels. Newly renovated properties include the Sheraton brand’s flagship hotel – Sheraton New York Times Square Hotel, W New York – Times Square, W New York - Union Square, W New York, The Westin New York at Times Square and The Westin New York Grand Central.