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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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August 26, 2014
16:32 EDTHOTStarwood appoints Thomas Mangas as CFO
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August 15, 2014
10:01 EDTHOTOn The Fly: Analyst Upgrade Summary
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05:31 EDTHOTStarwood upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded Starwood (HOT) to Overweight citing expectations for increased capital returns and catalysts from asset sales. The firm expects Starwood to close the valuation gap with Marriott (MAR) and raised its price target for shares to $89 from $84.

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