Starwood Hotels says Sheraton Hotels poised for 'record-breaking growth' Starwood Hotels & Resorts Worldwide announced from the Sheraton Hotels General Manager Summit in Seattle that its largest and most global brand is poised for record-breaking growth over the next 12 months with 35 new hotels expected to open. Nearly half of the new Sheraton hotels will open in China. Sheraton will also enter numerous new markets including Samoa, Tajikistan and Kazakhstan, and return to Iraq.
Starwood Hotels November volatility elevated into Q3 and outlook Starwood Hotels November call option implied volatility is at 29, December and January is at 27; compared to its 26-week average of 22 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on October 28.
Starwood 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.