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Stock Market & Financial Investment News

News Breaks
March 3, 2014
09:03 EDTHOTStarwood Hotels announces Aloft brand to debut in New Orleans in 2015
Starwood Hotels & Resorts Worldwide announced that its Aloft brand will debut in New Orleans in 2015, following the completion of an adaptive re-use project. The building, located at 225 Baronne Street, will be transformed into an Aloft Hotel in the city’s central business district. Owned by 225 Baronne Complex, an entity of HRI Properties, and managed by HRI Lodging, Aloft New Orleans Downtown will feature 188, loft-like rooms.
News For HOT From The Last 14 Days
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December 18, 2014
10:51 EDTHOTStarwood has $100M claim against Cuba, says Wells Fargo
Wells Fargo notes the Foreign Claim Settlement Commission certified in 2005 a claim for Starwood (HOT) against Cuba in the amount of $51.1M plus interest, implying a market value today of over $100M. Starwood has 500-plus acres of land around Havana that was seized in 2003. InterContinental (IHG) holds a certified $2.6M claim from 1959-1961, which equates to about $60M today, Wells adds. The firm does not expect the claims will be collected, but notes that if the embargo on Cuba is one day lifted, it's possible they could be traded for concessions or development entitlements.
10:01 EDTHOTOn The Fly: Analyst Initiation Summary
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06:34 EDTHOTStarwood initiated with a Buy at Evercore ISI
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December 15, 2014
09:19 EDTHOTStarwood signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton
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December 9, 2014
08:18 EDTHOTStarwood to debut first Luxury Collection hotel in Japan
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December 8, 2014
07:09 EDTHOTStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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