Last $76.66 USD
Change Today -0.51 / -0.66%
Volume 2.5M
HOT On Other Exchanges
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Exchange
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As of 8:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

starwood hotels & resorts (HOT) Snapshot

Open
$78.69
Previous Close
$77.17
Day High
$78.87
Day Low
$76.39
52 Week High
09/8/14 - $86.11
52 Week Low
10/16/14 - $68.53
Market Cap
13.7B
Average Volume 10 Days
3.0M
EPS TTM
$3.23
Shares Outstanding
178.6M
EX-Date
09/3/14
P/E TM
23.7x
Dividend
$1.40
Dividend Yield
4.37%
Current Stock Chart for STARWOOD HOTELS & RESORTS (HOT)

starwood hotels & resorts (HOT) Details

Starwood Hotels & Resorts Worldwide, Inc. operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, by Sheraton, Aloft, and Element brands. It also develops, owns, and operates vacation ownership resorts; markets and sells vacation ownership interests in the resorts; and provides financing to customers who purchase such interests. In addition, the company develops, markets, and sells residential units at mixed use hotel projects. As of October 28, 2014, it owned and managed approximately 1,200 properties in 100 countries. The company was founded in 1969 and is headquartered in Stamford, Connecticut.

181,400 Employees
Last Reported Date: 02/24/14
Founded in 1969

starwood hotels & resorts (HOT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Co-President of the Americas
Total Annual Compensation: $732.8K
Chief Administrative Officer, General Counsel...
Total Annual Compensation: $638.5K
President of Global Development
Total Annual Compensation: $766.8K
Compensation as of Fiscal Year 2013.

starwood hotels & resorts (HOT) Key Developments

Starwood Hotels & Resorts Worldwide, Inc. Announces the Opening of Aloft Liverpool in UK

Starwood Hotels & Resorts Worldwide Inc. announced the opening of Aloft Liverpool, the second Aloft hotel in the UK. Set in the 110-year old Royal Insurance Building, Aloft Liverpool is an adaptive reuse project that is breathing new life into this historic building. Delivering urban-influenced design and an energetic guest experience at an affordable price point, Aloft Liverpool will feature 116 loft-like guest rooms and Aloft Hotel's signature W XYZ(R) bar, a buzzing social space where guests can mix and mingle, work or grab a drink with friends. Located in central Liverpool on the corner of Dean Street and North John Street, the sleek new hotel is perfectly situated within easy reach of the fabulous shops, buzzing nightlife and world-class galleries and museums. Getting around the city couldn't be easier, the central business district and key visitor attractions are all within walking distance. The opening of Aloft Liverpool is the culmination of an GBP 18 million investment project to regenerate and preserve Liverpool's historic Grade II listed Royal Insurance Building. The development has been led by Ashall Property who worked alongside Liverpool City Council and English Heritage to transform this, once neglected, building into a sleek new, hotel.

Starwood Hotels & Resorts Continues Expansion in Thailand with the Signing of Sheraton Phuket Kalim Beach Resort

Starwood Hotels & Resorts Worldwide Inc. announced its global powerhouse Sheraton(R) brand will re-enter Phuket with the signing of Sheraton Phuket Kalim Beach Resort. Scheduled to open in early 2018, the agreement with Phuket Advance Development Ltd. follows closely behind the recent announcement of the debut of the W(R) Hotels brand in Phang Nga Bay, representing Starwood Hotels' growing presence in the region. The 230-room new build Sheraton Phuket Kalim Beach Resort features a mix of private villas and guests rooms and sit on a gentle hill, offering elevated stunning views of the balmy Andaman Sea. Upon completion, the hotel will boast 3,444 square feet of meeting and function space suitable for intimate weddings and conferences. Guests will also be able to enjoy all the Sheraton brand's popular amenities and services, including guest rooms fitted with the signature Sheraton Sweet Sleeper(TM) Bed with a plush mattress and luxurious sheets. In addition, the resort will open the brand's signature Shine Spa for Sheraton(TM) alongside one of the brand's signature restaurants; and two other dining venues including one on a beachfront location. Recreation facilities will include two salt water swimming pools and a well-equipped gym with the brand's revolutionary health and fitness program, Sheraton Fitness. Ideally located on a 4.3 hectares site on the western coast of Phuket, Sheraton Phuket Kalim Beach Resort will sit on the charming Kalim Beach, north of the famous Patong beach. The hotel will be easily accessible via an approximately 45-minute drive from the Phuket International Airport, and will be a leisurely 20 minute walk to numerous entertainment outlets.

Starwood Hotels & Resorts Worldwide Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2014

Starwood Hotels & Resorts Worldwide Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $1,493 million compared to $1,508 million a year ago. Operating income was $210 million compared to $243 million a year ago. Income from continuing operations before income taxes and non-controlling interests was $163 million compared to $221 million a year ago. Net income attributable to the company was $109 million or $0.59 diluted per share compared to $157 million or $0.81 diluted per share a year ago. Adjusted EBITDA was $298 million compared to $301 million a year ago. Excluding special items, income from continuing operations was $121 million compared to $137 million in the third quarter of 2013. EBITDA was $276 million against $322 million a year ago. For the nine months period, the company reported revenues of $4,490 million compared to $4,609 million a year ago. Operating income was $641 million compared to $725 million a year ago. Income from continuing operations before income taxes and non-controlling interests was $533 million compared to $660 million a year ago. Net income attributable to the company was $399 million or $2.11 diluted per share compared to $507 million or $2.61 diluted per share a year ago. Adjusted EBITDA was $903 million compared to $949 million a year ago. Excluding special items, income from continuing operations was $390 million compared to $438 million in the same period in 2013. EBITDA was $851 million against $963 million a year ago. Net debt was $1.7 billion, compared to net debt of $528 million as of December 31, 2013, in each case excluding debt and restricted cash associated with securitized vacation ownership notes receivable. The company provided earnings guidance for the fourth quarter and full year ending December 31, 2014. For the year, the company’s adjusted EBITDA is expected to be approximately $1.215 billion to $1.225 billion. Earnings from the company's vacation ownership and residential business of approximately $170 million to $175 million. Full year owned earnings are negatively impacted by approximately $35 million due to 2013 and year-to-date 2014 asset sales. Depreciation and amortization is expected to be approximately $315 million. Interest expense is expected to be approximately $123 million. Full year effective tax rate is expected to be approximately 33%, and cash taxes from operating earnings are expected to be approximately $140 million. EPS before special items is expected to be approximately $2.79 to $2.83. Full year capital expenditures (excluding vacation ownership and residential inventory) are expected to be approximately $200 million for maintenance, renovation and technology. Vacation ownership is expected to generate approximately $65 million in positive cash flow. For the three months ended December 31, 2014, adjusted EBITDA is expected to be approximately $310 million to $320 million. Earnings from the company's vacation ownership and residential business of approximately $40 million to $45 million. Depreciation and amortization is expected to be approximately $84 million. Interest expense is expected to be approximately $37 million. The effective tax rate for the quarter is expected to be approximately 32%. EPS is expected to be approximately $0.73 to $0.77.

 

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Industry Analysis

HOT

Industry Average

Valuation HOT Industry Range
Price/Earnings 27.9x
Price/Sales 4.3x
Price/Book 6.5x
Price/Cash Flow 17.0x
TEV/Sales 3.3x
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