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HOT Buyback image

Starwood Hotels & Resorts Worldwide, Inc. Buyback

OLI recorded this information on 8/1/2014

Company: Starwood Hotels & Resorts Worldwide, Inc.
Buyback: HOT buyback
$Amount Authorized: $1,500,000,000
Buyback Details: Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that its Board of Directors has approved a new $1.1 billion share repurchase authorization. Including approximately $400 million remaining under the prior authorization, Starwood's total share repurchase authorization is now approximately $1.5 billion. Starwood has repurchased approximately $200 million of shares to date in 2014 and expects to accelerate the pace of its repurchases.

Starwood Hotels & Resorts Worldwide is a hotel and leisure company. Co.'s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The vacation ownership and residential business acquires, develops and operates vacation ownership resorts, markets and sells vacation ownership interests and residential units, and provides financing to customers who purchase such interests. As of Dec 31 2015, Co.'s hotel business included 1,282 owned, managed or franchised hotels, while its vacation ownership and residential business included 15 stand-alone vacation ownership resorts and residential properties.
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HOT — Key Stats (updated Thu., Sep. 22, 10:21 AM)
Company Name:  Starwood Hotels & Resorts Worldwide Inc
Stock buyback:  HOT buyback
Website:  www.starwoodhotels.com
Sector:  Hotels, Lodging, Restaurants & Travel
 

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May 1, 2024  •  6:56 AM Eastern
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