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Stock Market & Financial Investment News

News Breaks
June 12, 2014
09:07 EDTHOTStarwood announces agreement with IOI Properties to manage two hotels
Starwood Hotels & Resorts Worldwide announced it has signed an agreement with IOI Properties Group to manage two hotels – Four Points by Sheraton Puchong and Le Méridien Putrajaya, slated to open in the fall of 2014 and 2015, respectively. These two new hotels will add 599 rooms to Starwood’s robust portfolio in the country and reflect Starwood’s desire to expand into the fast growing districts of Malaysia. Puchong and Putrajaya are part of the Klang Valley area, which includes Kuala Lumpur and its suburbs and adjoining cities and towns in the state of Selangor.
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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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