Starwood Hotels says Sheraton to open 30 hotels over next 12 months Half of the new Sheraton hotels will open in China. Sheraton is also picking up momentum in several other emerging markets including Latin America, the Middle East and Turkey.
News For HOT From The Last 14 Days
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Starwood upgraded to Overweight from Equal Weight at Barclays Barclays upgraded Starwood (HOT) to Overweight citing expectations for increased capital returns and catalysts from asset sales. The firm expects Starwood to close the valuation gap with Marriott (MAR) and raised its price target for shares to $89 from $84.