Macquarie Downgrades Starwood Hotels & Resorts (HOT) to Neutral
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Starwood Reports First Quarter 2016 Results
May 3, 2016 6:30 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported first quarter 2016 financial results.
First Quarter 2016 Highlights
Excluding special items, EPS from continuing operations was $0.70. Including special items, EPS from continuing operations was $0.53. Adjusted EBITDA was $281Â million. Excluding special items, income from continuing operations was $118Â million. Including special items, income from continuing operations was $90 million. Worldwide Systemwide REVPAR for Same-Store Hotels increased 1.0% in constant dollars (decreased 1.3% in actual dollars) compared to 2015. Systemwide... More