Starwood Hotels (HOT) Tops Q1 EPS by 8c
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Starwood to Explore Strategic and Financial Alternatives to Increase Shareholder Value
April 29, 2015 7:01 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has determined to explore a full range of strategic and financial alternatives to increase shareholder value, and has retained Lazard to assist in the process.
Bruce W. Duncan, Chairman of the Board, said, Our Board has always been focused on maximizing long-term shareholder value, and this is a time of enormous opportunity and change in our industry. Accordingly, we will thoroughly explore the full range of strategic and financial alternatives available to Starwood to capitalize... More
Starwood Reports First Quarter 2015 Results
April 29, 2015 7:01 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported first quarter 2015 financial results.
First Quarter 2015 Highlights
Excluding special items, EPS from continuing operations was $0.65. Including special items, EPS from continuing operations was $0.58. Adjusted EBITDA was $274Â million. Excluding special items, income from continuing operations was $110Â million. Including special items, income from continuing operations was $99Â million. Worldwide Systemwide REVPAR for Same-Store Hotels increased 5.2% in constant dollars (1.9% in actual dollars) compared to 2014. Systemwide REVPAR for... More