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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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July 31, 2015
08:34 EDTHOTStarwood management to meet with Deutsche Bank
Field trip to company headquarters to be held in Stamford, CT on July 31 hosted by Deutsche Bank.
July 30, 2015
14:01 EDTHOTStarwood drops 4% after InterContinental denies takeover talks
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12:51 EDTHOTInterContinental says not in merger talks with Starwood
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12:48 EDTHOTInterContinental says not in merger talks with Starwood
11:55 EDTHOTStarwood reaching out to possible bidders for company, Reuters reports
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09:35 EDTHOTInterContinental in early talks to acquire Starwood, FT reports
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09:31 EDTHOTInterContinental, Starwood holding early stage deal talks, FT reports
07:18 EDTHOTStarwood sees FY15 EPS before items $2.93-$3.03, consensus $2.99
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07:17 EDTHOTStarwood sees Q3 EPS 69c-73c, consensus 74c
Sees: Adjusted EBITDA is expected to be approximately $285 million to $295 million. REVPAR increases at Same-Store Systemwide Hotels Worldwide of 4% to 6% in constant dollars. REVPAR increases at Same-Store Owned Hotels Worldwide of 4% to 6% in constant dollars. Core fees increase approximately 1% to 3%. Management fees, franchise fees and other income increase 2% to 4%. Earnings from the Company’s vacation ownership and residential business of approximately $35 million to $40 million. Shifts in exchange rates since the third quarter of 2014 will negatively impact third quarter 2015 earnings by approximately $11 million if exchange rates stay at current levels.
07:16 EDTHOTStarwood reports Q2 EPS 84c ex-items, consensus 74c
Including special items, EPS from continuing operations was 79c. Worldwide Systemwide REVPAR for Same-Store Hotels increased 4.1% in constant dollars compared to 2014. Systemwide REVPAR for Same-Store Hotels in North America increased 5.3% in constant dollars. Management fees, franchise fees and other income, which were negatively impacted by foreign exchange rates, decreased 1.5% compared to 2014. Core fees decreased 1.0% compared to 2014. Earnings from Starwood’s vacation ownership and residential business decreased approximately $2 million compared to 2014. During the quarter, the Company signed 64 hotel management and franchise contracts, representing approximately 14,400 rooms, a 69% increase in signed rooms compared to 2014. The Company also opened 21 hotels and resorts with approximately 4,000 rooms in the second quarter of 2015.
July 29, 2015
15:08 EDTHOTNotable companies reporting before tomorrow's open
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July 27, 2015
16:30 EDTHOTOZ Management fils 5.05% passive stake in Starwood
July 23, 2015
08:18 EDTHOTStarwood unit signs agreement with Qingdao Conson for St. Regis brand
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05:48 EDTHOTStocks with implied volatility above IV index mean; HOT AMZN
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July 17, 2015
07:15 EDTHOTSpeculation rising of Starwood deal with InterContinental, Daily Mail says
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