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Stock Market & Financial Investment News

News Breaks
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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October 20, 2014
16:01 EDTHOTStarwood 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.

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