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Starwood Corrected Full Year 2015 Cash Flow from Operations Outlook (États-Unis)

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 (États-Unis)

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.

Catégorie : Amérique du Nord et Antilles - États-Unis - Économie du secteur - Chiffres et études
Ceci est un communiqué de presse sélectionné par notre comité éditorial et mis en ligne gratuitement le 30-04-2015

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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Starwood Hotels & Resorts
1111 Westchester Avenue
10604 White Plains
États-Unis
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