Starwood Hotels sees 2013 EPS $2.59-$2.68, consensus $2.64 Sees 2013 adjusted EBITDA $1.115B-$1.1140B. Sees 2013 CapEx $200M for maintenance, renovation and techonology. Sees 2013 in-flight investment projects and joint venture and other investments $350M. Sees 2013 tax rate 32%.
Starwood announces sale of The St. Regis for $150.7M Starwood Hotels & Resorts Worldwide announced that it has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for approximately $150.7M. Starwood will continue to operate the hotel under the St. Regis brand flag as part of a new long-term management agreement.