Starwood Hotels (HOT) Tops Q1 EPS by 8c
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Go back to Starwood Hotels (HOT) Tops Q1 EPS by 8c
April 29, 2015 7:01 AM EDT
STAMFORD, 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
April 29, 2015 7:01 AM EDT
STAMFORD, 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
