Starwood Hotels (HOT) Tops Q3 EPS by 2c

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Starwood Reports Third Quarter 2015 Results

October 28, 2015 6:36 AM EDT

STAMFORD, Conn.--(BUSINESS WIRE)-- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported third quarter 2015 financial results.

Third Quarter 2015 Highlights

Excluding special items, EPS from continuing operations was $0.74. Including special items, EPS from continuing operations was $0.53. Adjusted EBITDA was $294 million. Excluding special items, income from continuing operations was $125 million. Including special items, income from continuing operations was $88 million. Worldwide Systemwide REVPAR for Same-Store Hotels increased 5.4% in constant dollars (decreased 0.3% in actual dollars) compared to 2014. Systemwide... More

Interval Leisure Group to Acquire Starwood Hotels and Resorts’ Vacation Ownership Business to Create Leading, Integrated Shared Ownership Company

October 28, 2015 6:30 AM EDT

Combined Companys Scale, Financial Strength, and Complementary Product Portfolio will Position it as a Leader in Rapidly Consolidating Industry

Enhanced Financial Profile, with Substantial Free Cash Flow to Fund Future Growth

Uniquely Positioned as Exclusive Global Licensee of Three of the Top High-Quality Vacation Ownership Brands

Opportunities for Substantial, Achievable Cost Savings and Revenue Synergies

Starwood Vacation Ownership Executive Team will Continue to Lead Vistana Signature Experiences

Interval Leisure Group and Starwood to Host Conference Call... More