$HOT (Starwood Hotels & Resorts Worldwide Inc.)

$HOT {{ '2015-11-11T18:35:19+0000' | timeago}} • SEC

As of Sept. 30, 2015, the ratio of $HOT's current assets to current liabilities was 0.96 compared to 0.95 as of Dec. 31, 2014. Gross capital spending during year-to-date 2015 included approx. $109MM of maintenance capital and $110MM of development capital.

$MAR {{ '2016-09-23T18:21:15+0000' | timeago}} • Announcement

$MAR expects to achieve $250MM in annual corporate cost synergies. The one-time transaction costs for the $HOT merger are expected to total approx. $140MM. $MAR intends to take the steps necessary to cause $HOT's outstanding public debt to be on equal footing with the outstanding public debt of $MAR.

$MAR {{ '2016-09-23T18:20:52+0000' | timeago}} • Announcement

$MAR said the new company will operate or franchise more than 5,700 properties and 1.1MM rooms, representing 30 brands in over 110 countries. With the completion of the $HOT acquisition, $MAR's distribution has more than doubled in Asia and the Middle East & Africa combined.

$MAR {{ '2016-09-23T18:20:26+0000' | timeago}} • Announcement

$MAR has completed its acquisition of $HOT. $HOT shareholders will receive $21 in cash and 0.80 shares of $MAR Class A common stock for each share of $HOT common stock. Bruce Duncan, Eric Hippeau and Aylwin Lewis have joined $MAR's BoD. Arne Sorenson remains President and CEO of $MAR.

$MAR {{ '2016-09-20T13:25:26+0000' | timeago}} • Announcement

$MAR's purchase of $HOT received Chinese antitrust approval. Assuming that deal closes as expected, former $HOT shareholders will be entitled to receive $MAR's quarterly cash dividend of $0.30 per share that is payable on Sept. 30, 2016 to shareholders of record on Sept. 13, 2016.

$MAR {{ '2016-09-20T13:23:26+0000' | timeago}} • Announcement

$MAR's purchase of $HOT received approval from the Chinese Ministry of Commerce (MOFCOM). $MAR and $HOT are now able to proceed with closing the transaction and expect the transaction to be completed before the market opens on Sept. 23. $HOT expects its shares to cease trading on NYSE on Sept. 23.

$AAL {{ '2016-09-19T20:41:51+0000' | timeago}} • Announcement

$AAL has named Alison Taylor as SVP - Global Sales. Taylor will join the company later in Sept. from $HOT where she most recently held a similar role. Taylor will lead $AAL's sales team and be responsible for developing all sales and distribution policies worldwide. She will report to Chief Marketing Officer Andrew Nocella.

$HOT {{ '2016-08-15T14:55:46+0000' | timeago}} • Announcement

$HOT launched new hotels in Saudi Arabia and Indonesia. The company opened its new Sheraton in the holy city of Makkah. The hospitality major also launched Four Points in Thamrin, Jakarta. Starwood operates more than 50 hotels and resorts across the Middle East. It owns 19 properties across Indonesia with 15 hotels under construction.

$MAR {{ '2016-08-08T13:17:48+0000' | timeago}} • Announcement

$MAR and $HOT said they have agreed, at request of Chinese Ministry of Commerce (MOFCOM), to extend time period for MOFCOM to complete its review of $MAR-$HOT merger deal. This additional review period, known as phase three, could last up to 60 days. $MAR and $HOT still believe that their planned merger poses no anti-competitive issues in China.

$HOT {{ '2016-07-26T15:19:43+0000' | timeago}} • Infographic

$HOT Starwood Hotels & Resorts Worldwide Earnings Infographic: Q2 2016 highlights

$HOT {{ '2016-07-26T11:28:37+0000' | timeago}} • Announcement

For 3Q16, $HOT expects REVPAR at Same-Store Systemwide Hotels Worldwide to be up 1% to 3% in constant dollars. REVPAR at Same-Store Systemwide Hotels in North America is expected to be up 3% to 4%. EPS before special items is expected to be approximately $0.71 to $0.75, the company said.

$HOT {{ '2016-07-26T11:26:01+0000' | timeago}} • Announcement

$HOT said its acquisition of rival Marriott is expected to close in the coming weeks. Excluding the transaction costs, $HOT expects FY owned earnings to get hurt by approx. $46MM due to asset sales completed in 2015 and 2016. $HOT said it also expects additional negative impact of about $20MM due to lost earnings from the five hotels it disposed.

$HOT {{ '2016-07-26T11:21:07+0000' | timeago}} • Announcement

$HOT said the current slower rate of REVPAR growth will impact fee growth in the second half of 2016 than previously expected. "However, we expect that the strong performance of our owned hotels in the first half of the year and our lower SG&A will offset the impact of lower fee growth," CFO Alan Schnaid said.

$HOT {{ '2016-07-26T11:10:30+0000' | timeago}} • Announcement

Leisure major $HOT reported a quarterly loss, hurt by losses on asset dispositions and impairments, and special charges. The company reported 2Q16 loss from continuing operations of $35MM, or $0.20 per share, compared with earnings from cont. ops. of $118MM, or $0.69 per share a year ago.

$MAR {{ '2016-07-05T05:31:33+0000' | timeago}} • Announcement

$MAR said it has received authorization from Saudi Arabian and Mexican authorities to proceed with its acquisition of $HOT. Only remaining country in which $MAR and $HOT require authorization is China, and the companies are cooperating with the Chinese agency MOFCOM and will be prepared to close the deal upon receiving Chinese authorization.

$MAR {{ '2016-06-27T19:18:45+0000' | timeago}} • Announcement

$MAR and $HOT said they have received unconditional clearance from the European Union for Marriott to acquire Starwood in a merger transaction. The closing of the proposed merger is subject to obtaining additional antitrust clearances, including in China, and satisfying other customary closing conditions that are in the merger agreement.

$HOT {{ '2016-05-27T18:32:51+0000' | timeago}} • SEC

Subsequent to March 31, 2016, $HOT received approval to commit to a plan to sell two foreign wholly-owned hotels, entered into a definitive purchase and sale agreement and received a non-refundable deposit. These hotels are expected to be sold in 2Q16 subject to long-term management agreements.

$HOT {{ '2016-05-27T18:30:13+0000' | timeago}} • SEC

$HOT currently expects that its defensive CapEx for the full year 2016, excluding vacation ownership inventory, will be approx. $200MM for maintenance, renovations and technology capital. For the full year 2016, the company currently expects to spend about $120MM for investment projects, various JVs and other investments.

$IILG {{ '2016-05-12T12:45:23+0000' | timeago}} • Announcement

$IILG said it named Lizanne Galbreath, Stephen R. Quazzo, Sergio D. Rivera, and Thomas O. Ryder to its board of directors in connection with the closing of ILG's acquisition of Vistana Signature Experiences, Inc. from $HOT on May 11, 2016. These $HOT-designated directors expand the total size of the board to 13 directors, the company said.

$IILG {{ '2016-05-12T12:18:08+0000' | timeago}} • Announcement

$IILG said it completed the previously announced acquisition of Vistana Signature Experiences, Inc. from $HOT. Starwood shareholders receive approx. 72.4MM of $IILG shares valued at $14.24 per share based on the closing price of its shares on May 11, 2016. $IILG paid approx. $123MM in cash to $HOT, subject to post-closing adjustment.

$IILG {{ '2016-05-09T20:18:07+0000' | timeago}} • Announcement

$IILG and $HOT said they are working with the Internal Revenue Service to confirm that any gain realized by non-U.S. holder that is treated for tax purposes as owning 5% or less of stock of $HOT and Vistana between and including record date and closing date will not be subject to FIRPTA tax on disposition of Vistana stock in transaction.

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