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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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June 30, 2015
09:22 EDTHOTStarwood’s Aloft Brand to expand portfolio in California
Starwood Hotels & Resorts Worldwide announced that its Aloft brand will soon add yet another destination to its California portfolio with the upcoming debut of Aloft Dublin-Pleasanton. “Designed for the evolving global traveller, Aloft is a great fit for the tech-forward Dublin-Pleasanton area,” said Brian McGuinness, senior VP, Specialty Select Brands for Starwood. “As one of the fastest growing brands in the history of hospitality, Aloft offers distinctive design, accessible technologies and a buzzing social atmosphere.”
06:02 EDTHOTStarwood reduced energy use by 12%
Starwood Hotels & Resorts Worldwid announced it has reduced energy use by 12.08%, carbon emissions by 16.07% and water use by 17.26% across all owned, managed and franchised properties from 2008 through 2014. The reductions stem from Starwood’s 30/20 by 20 environmental goals, launched in 2009, to cut energy use by 30% and water use by 20% by 2020 globally. In 2013, Starwood added a goal to reduce carbon emissions by 30% during the same timeframe.
June 24, 2015
16:11 EDTHOTAshford Hospitality to acquire two hotels in Minneapolis for $101M
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07:03 EDTHOTStarwood, Accenture extent IT outsourcing contract
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June 22, 2015
09:40 EDTHOTActive equity options trading on open
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08:19 EDTHOTThe Luxury Collection invests $300M to grow North America portfolio
The Luxury Collection announced, in coordination with its owner partners, a $300M effort to expand and improve its hotel portfolio in North America. Part of Starwood Hotels & Resorts, The Luxury Collection is investing in marquee hotel conversions and landmark renovations in diverse U.S. destinations, including Key West, Lake Tahoe, San Antonio and San Francisco, as it continues to grow around the world. A milestone year for the brand, The Luxury Collection is on track to surpass 100 hotels in more than 30 countries by the end of 2015.
June 17, 2015
09:00 EDTHOTStarwood commences construction on W, Element dual-branded hotel
Starwood Hotels & Resorts Worldwide announced the commencement of construction for its first-ever W and Element dual-branded hotel development, scheduled to open in the heart of downtown Philadelphia in early 2018. The 295-room W Philadelphia and 460-room Element Philadelphia will occupy a 51 story skyscraper located in the geographic center of the city’s business, arts and retail districts, and directly across from Philadelphia City Hall. Owned by Chestlen Development and developed by Vine Street Matthews Development.

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