Thursday, October 22, 2009

STARWOOD REPORTS THIRD QUARTER 2009 RESULTS - Down 64%

􀂃 Excluding special items, EPS from continuing operations was $0.14. Including
special items, EPS from continuing operations was $0.22.
􀂃 Adjusted EBITDA was $179 million.
􀂃 Excluding special items, income from continuing operations was $26 million.
Including special items, income from continuing operations was $41 million.
􀂃 Special items totaled a benefit of $15 million ($0.08 per share) and included
impairment charges of $27 million which were more than offset by a $44 million tax
benefit primarily related to hotel sales.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels decreased 20.3% (down
17.6% in constant dollars) compared to the third quarter of 2008. System-wide
REVPAR for Same-Store Hotels in North America decreased 19.7% (down 19.0% in
constant dollars).

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