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Stock Market & Financial Investment News

News Breaks
May 6, 2014
08:10 EDTHOTStarwood Hotels aims for 70 hotels, resorts across Canada over 12 months
Starwood Hotels announced that it will expand its Canadian portfolio to 70 hotels within the next 12 months. The Aloft Calgary University, Starwood’s first Aloft hotel in Western Canada, opened last month, following the February opening of Four Points Waterloo-Kitchener Hotel & Suites. The momentum continues with the upcoming openings of Four Points Regina, Four Points Surrey, Four Points Moncton and the Element Vancouver Metrotown. This activity comes after a "strong" FY13, which included the openings of Four Points Edmonton International Airport, Four Points Kelowna Airport, Four Points Edmundston and Element Vaughan Southwest, maintaining Canada’s position as Starwood’s 2nd largest market outside the U.S
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October 23, 2014
08:12 EDTHOTStarwood 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.
October 22, 2014
12:02 EDTHOTStarwood extends global partnership with Mercedes AMG Petronas
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October 20, 2014
16:01 EDTHOTStarwood 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.

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