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February 7, 2013
06:16 EDTHOTStarwood Hotels reports Q4 adjusted EPS 70c, consensus 65c
Reports Q4 revenue $1.53B, consensus $1.49B. Reports worlwide REVPAR for same-store hotels up 4.1%. Reports North America REVPAR por same-store hotels up 5.2%.
News For HOT From The Last 14 Days
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September 30, 2015
09:08 EDTHOTWyndham appoints Chip Ohlsson as Chief Development Officer
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08:34 EDTHOTStratus Properties completes purchase of Block 21 JV
Stratus Properties (STRS) announced that on September 28, 2015, Stratus completed its previously announced acquisition of Canyon-Johnson Urban Fund II, L.P.'s approximate 58% joint venture interest in CJUF II Stratus Block 21 LLC, which owns a 36-story mixed-use development in downtown Austin, Texas, anchored by the W Austin Hotel & Residences (HOT), for approximately $62M. Stratus funded its acquisition of Canyon-Johnson's interest in Block 21 with approximately $32.3M of proceeds from its non-recourse term loan with Bank of America (BAC), a $20M term loan under Stratus' credit facility with Comerica Bank (CMA), and approximately $9.7M in cash. The Sale and Purchase Agreement contains customary representations and warranties, and the parties have agreed to indemnify each other in connection with the breach of such representations and warranties. Block 21 is now a wholly-owned subsidiary of Stratus. As of September 28, 2015, in addition to its real estate assets, Block 21 had cash and cash equivalents of approximately $22.8M.
September 28, 2015
08:17 EDTHOTStarwood says W brand to debut in Serbia in 2019
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September 25, 2015
05:22 EDTHOTQunar announces partnership with Starwood
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September 23, 2015
08:48 EDTHOTStarwood makes debut in Montana
Starwood Hotels & Resorts announced the debut of its eco-wise Element brand in Bozeman with the opening of Element Bozeman, marking the first Starwood hotel in the state of Montana. Owned by a group of Bozeman investors, the newly constructed Element hotel offers a stylish and sustainable new option for travelers with 104 light-filled rooms and an atmosphere designed to fuel a life in balance while on the road.
September 22, 2015
09:13 EDTHOTStarwood to expand presence in Brazil with signing of Sheraton Santos Hotel
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09:06 EDTHOTStarwood expands in Brazil with signing of Sheraton Santos Hotel
Starwood announced its presence in Brazil will expand with the signing of Sheraton Santos Hotel, owned by local real estate developer Grupo Mendes. The signing comes on the heels of the recent reopening of Sheraton Barra Rio de Janeiro Hotel in May and, fitting for the Sheraton brand, will be the first international upper-upscale hotel in Santos in the state of Sao Paulo.

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