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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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June 30, 2015
09:22 EDTHOTStarwood’s Aloft Brand to expand portfolio in California
Starwood Hotels & Resorts Worldwide announced that its Aloft brand will soon add yet another destination to its California portfolio with the upcoming debut of Aloft Dublin-Pleasanton. “Designed for the evolving global traveller, Aloft is a great fit for the tech-forward Dublin-Pleasanton area,” said Brian McGuinness, senior VP, Specialty Select Brands for Starwood. “As one of the fastest growing brands in the history of hospitality, Aloft offers distinctive design, accessible technologies and a buzzing social atmosphere.”
06:02 EDTHOTStarwood reduced energy use by 12%
Starwood Hotels & Resorts Worldwid announced it has reduced energy use by 12.08%, carbon emissions by 16.07% and water use by 17.26% across all owned, managed and franchised properties from 2008 through 2014. The reductions stem from Starwood’s 30/20 by 20 environmental goals, launched in 2009, to cut energy use by 30% and water use by 20% by 2020 globally. In 2013, Starwood added a goal to reduce carbon emissions by 30% during the same timeframe.
June 24, 2015
16:11 EDTHOTAshford Hospitality to acquire two hotels in Minneapolis for $101M
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07:03 EDTHOTStarwood, Accenture extent IT outsourcing contract
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June 22, 2015
09:40 EDTHOTActive equity options trading on open
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08:19 EDTHOTThe Luxury Collection invests $300M to grow North America portfolio
The Luxury Collection announced, in coordination with its owner partners, a $300M effort to expand and improve its hotel portfolio in North America. Part of Starwood Hotels & Resorts, The Luxury Collection is investing in marquee hotel conversions and landmark renovations in diverse U.S. destinations, including Key West, Lake Tahoe, San Antonio and San Francisco, as it continues to grow around the world. A milestone year for the brand, The Luxury Collection is on track to surpass 100 hotels in more than 30 countries by the end of 2015.

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