Starwood Reports Third Quarter 2015 Results
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Starwood Hotels (HOT) Tops Q3 EPS by 2c
October 28, 2015 6:38 AM EDTStarwood Hotels (NYSE: HOT) reported Q3 EPS of $0.74, $0.02 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.43 million versus the consensus estimate of $1.44 million.
Worldwide Systemwide REVPAR for Same-Store Hotels increased 5.4% in constant dollars (decreased 0.3% in actual dollars) compared to... More
Interval Leisure Group (IILG) to Acquire Starwood Hotels' (HOT) Vistana Signature Experiences Unit
October 28, 2015 6:37 AM EDTInterval Leisure Group (Nasdaq: IILG) (ILG), and Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT) (Starwood) today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which a wholly owned subsidiary of ILG will acquire and then merge with and into Vistana Signature Experiences (Vistana). The combination, which will follow completion of the planned spin-off of Vistana from Starwood announced on February 10, 2015, has a total value to Starwood of approximately $1.5 billion.
Vistana is a leading developer marketer and manager of 22 high-end vacation... More
