Starwood Hotels (HOT) Tops Q3 EPS by 2c
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Starwood Reports Third Quarter 2015 Results
October 28, 2015 6:36 AM EDTSTAMFORD, 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... MoreInterval Leisure Group to Acquire Starwood Hotels and Resorts’ Vacation Ownership Business to Create Leading, Integrated Shared Ownership Company
October 28, 2015 6:30 AM EDTCombined 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
