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Starwood Corrected Full Year 2015 Cash Flow from Operations Outlook (United States)

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) is correcting the outlook for cash flow from operations it provided in today’s first quarter 2015 earnings release.

Starwood Corrected Full Year 2015 Cash Flow from Operations Outlook (United States)

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) is correcting the outlook for cash flow from operations it provided in today’s first quarter 2015 earnings release.
Category: North America & West Indies / Carribean islands - United States - Industry economy - Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2015-04-30

The cash flow from operations range provided in the earnings release excludes expected vacation ownership investment in inventory. It does not include the expected vacation ownership investment in inventory as previously stated. The corrected outlook is as follows:

Cash flow from operations is expected to be approximately $850 million to $950 million (based on the assumptions previously provided). Cash flow from operations excludes vacation ownership investment in inventory expected to be approximately $160 million which includes approximately $80 million related to the development of the Westin Nanea Ocean Villas, the third phase of the Westin Ka’anapali Ocean Resort Villas.

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1111 Westchester Avenue
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