Starwood Hotels says Aloft brand to enter Australian market Starwood Hotels and Resorts Worldwide announced that its Aloft Hotels brand will soon enter the Australian market for the first time. Owned by BAAC Pty Ltd, an affiliate of BGC, Aloft Perth Rivervale will open in late 2016.
News For HOT From The Last 14 Days
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Starwood downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Starwood Hotels to Market Perform saying the CEO's capital allocation strategy is disappointing. The firm keeps an $81-$83 price target range for shares.