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STARWOOD WEAKER THAN EXPECTED

Jul 30, 2001 9:12 PM

Starwood Hotels & Resorts reported in line earnings of $.55, a penny below last year’s second quarter earnings.

EBITDA (earnings before inters taxes depresiation and amoritization) fell 2.8 percent and 4.1 percent. Revenues declined 6.6% during the quarter due to weak results at the Sheraton Brands.