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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:05 EDTHOTStarwood Hotels to open 35 hotels in Middle East in next three years
Starwood Hotels announced it will open 35 hotels in the Middle East in the next three years, expanding its portfolio to over 80 hotels. Starwood will open seven new hotels in the Middle East this year, in both established and fast-growing markets such as the United Arab Emirates, Iraq and Bahrain. With a current footprint of 46 hotels and more than 13K rooms, the company said that this region continues to be one of the company’s most rapidly growing markets.
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November 21, 2014
05:14 EDTHOTStarwood sells Sheraton on the Park in Sydney, Australia for $399M
Starwood Hotels announced it has sold Sheraton on the Park in Sydney, Australia to Sunshine Insurance Group Corporation for $399M. Starwood will continue to operate the hotel as a Sheraton under a long-term management contract.
November 20, 2014
18:02 EDTHOTStarwood declares special dividend of 65c per share
Starwood declared a special dividend of 65c per share. The special dividend will be payable on December 29 to stockholders of record on December 8.
November 18, 2014
11:00 EDTHOTFibraHotel buys Monterrey, Mexico hotel from Starwood
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07:29 EDTHOTDeutsche Bank to hold a conference
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November 17, 2014
10:02 EDTHOTOn The Fly: Analyst Downgrade Summary
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06:05 EDTHOTStarwood downgraded to Neutral from Buy at UBS
UBS downgraded Starwood Hotels to Neutral on signs that RevPAR growth peaked in Q3. The firm adds that Starwood has the most exposure to the slowing high end of the market. It lowered its price target for shares to $79 from $86.

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