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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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July 25, 2014
10:02 EDTHOTOn The Fly: Analyst Downgrade Summary
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05:35 EDTHOTStarwood 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.
July 24, 2014
11:03 EDTHOTStarwood says Q3 North America trends to remain positive
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06:08 EDTHOTStarwood sees Q3 EPS 62c-65c, consensus 67c
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06:07 EDTHOTStarwood sees FY14 adjusted EPS $2.78-$2.85, consensus $2.84
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06:05 EDTHOTStarwood reports Q2 ex. items EPS 77c, consensus 76c
Reports Q2 revenue $1.54B, consensus $1.54B
06:04 EDTHOTStarwood reports Q2 worldwide systemwide REVPAR for same-store hotels up 5.3%
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