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Stock Market & Financial Investment News

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February 20, 2014
08:33 EDTHOTStarwood Hotels to open six new hotels and resorts in Australia, Pacific in 2014
Starwood Hotels & Resorts Worldwide announced at the Asia Pacific Incentives and Meetings Expos that it plans to forge ahead with expansion in Australia and the Pacific, opening six new hotels and resorts this year. Reflecting strong demand in the region, the vigorous growth will be fuelled by Sheraton, as well as by a partnership between Starwood Preferred Guest and Virgin Australia. The six new properties to open in 2014 include Sheraton Melbourne Hotel and Four Points by Sheraton Brisbane in Australia; Sheraton Resort & Spa, Tokoriki Island, Fiji; Sheraton New Caledonia Deva Resort & Spa; Sheraton Samoa Aggie Grey’s Resort and Sheraton Samoa Aggie Grey’s Hotel.
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July 25, 2014
10:02 EDTHOTOn The Fly: Analyst Downgrade Summary
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05:35 EDTHOTStarwood downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Starwood Hotels to Market Perform saying the CEO's capital allocation strategy is disappointing. The firm keeps an $81-$83 price target range for shares.
July 24, 2014
11:03 EDTHOTStarwood says Q3 North America trends to remain positive
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06:08 EDTHOTStarwood sees Q3 EPS 62c-65c, consensus 67c
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06:07 EDTHOTStarwood sees FY14 adjusted EPS $2.78-$2.85, consensus $2.84
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06:05 EDTHOTStarwood reports Q2 ex. items EPS 77c, consensus 76c
Reports Q2 revenue $1.54B, consensus $1.54B
06:04 EDTHOTStarwood reports Q2 worldwide systemwide REVPAR for same-store hotels up 5.3%
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