Fourth Quarter 2009 Highlights
Excluding special items, EPS from continuing operations was $0.51. Including
special items, EPS from continuing operations was a loss of $1.03.
Adjusted EBITDA was $247 million.
Excluding special items, income from continuing operations was $95 million.
Including special items, the loss from continuing operations was $186 million.
Special items totaled a pre-tax charge of $431 million ($281 million net of tax or
$1.54 per share), including a pre-tax non-cash impairment charge of $362 million
related to inventory, fixed assets and goodwill at Starwood Vacation Ownership.
Worldwide System-wide REVPAR for Same-Store Hotels decreased 7.2% (9.6% in
constant dollars) compared to the fourth quarter of 2008. System-wide REVPAR for
Same-Store Hotels in North America decreased 10.1% (10.7% in constant dollars).Fourth Quarter 2009 Highlights
Excluding special items, EPS from continuing operations was $0.51. Including
special items, EPS from continuing operations was a loss of $1.03.
Adjusted EBITDA was $247 million.
Excluding special items, income from continuing operations was $95 million.
Including special items, the loss from continuing operations was $186 million.
Special items totaled a pre-tax charge of $431 million ($281 million net of tax or
$1.54 per share), including a pre-tax non-cash impairment charge of $362 million
related to inventory, fixed assets and goodwill at Starwood Vacation Ownership.
Worldwide System-wide REVPAR for Same-Store Hotels decreased 7.2% (9.6% in
constant dollars) compared to the fourth quarter of 2008. System-wide REVPAR for
Same-Store Hotels in North America decreased 10.1% (10.7% in constant dollars).
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