NEW YORK, NY (March 12, 2010) — Fitch Ratings has affirmed Starwood Hotels & Resorts Worldwide Inc.’s (Starwood) ratings as follows:
–Issuer Default Rating (IDR) at ‘BB+’;
–$1.875 billion senior unsecured credit facility at ‘BB+’;
–$2.7 billion of senior unsecured notes at ‘BB+’.
The Rating Outlook was revised to Stable from Negative.
White Plains, NY (Feb. 4, 2010) — Starwood Hotels & Resorts Worldwide Inc. reported a loss in the fourth quarter, mostly because of a hefty charge for cancelled projects and lower prices in its timeshare business.
Excluding special items, which net to a charge of $281 million in 2009 and $133 million in 2008, EPS [...]
New York, December 4, 2009- According to a presale report issued Dec. 1 by Standard & Poors, Starwood Vacation Ownership VOI Mortgage Corp. is coming to market with $166 million in vacation ownership interest loan-backed notes Series 2009-B. The deal is expected to close this week, and may have already done as this post goes [...]
WHITE PLAINS, N.Y., Oct 22, 2009 — Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported third quarter 2009 financial results. Third-quarter earnings fell 65% amid slumping revenue per available room, though results topped expectations.
Starwood reported a profit of $40 million for the quarter, or 22 cents a share, down from $113 million, or [...]
