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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
News For HOT From The Last 14 Days
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December 18, 2014
10:51 EDTHOTStarwood has $100M claim against Cuba, says Wells Fargo
Wells Fargo notes the Foreign Claim Settlement Commission certified in 2005 a claim for Starwood (HOT) against Cuba in the amount of $51.1M plus interest, implying a market value today of over $100M. Starwood has 500-plus acres of land around Havana that was seized in 2003. InterContinental (IHG) holds a certified $2.6M claim from 1959-1961, which equates to about $60M today, Wells adds. The firm does not expect the claims will be collected, but notes that if the embargo on Cuba is one day lifted, it's possible they could be traded for concessions or development entitlements.
10:01 EDTHOTOn The Fly: Analyst Initiation Summary
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06:34 EDTHOTStarwood initiated with a Buy at Evercore ISI
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December 15, 2014
09:19 EDTHOTStarwood signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton
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December 9, 2014
08:18 EDTHOTStarwood to debut first Luxury Collection hotel in Japan
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December 8, 2014
07:09 EDTHOTStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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