Address: 777 Westchester Avenue White Plains, NY 10604 Phone: (914) 640-8100 Fax:
(602) 852-0984 Sector: Services
Industry: Casinos & Gaming Employees:
130,000 Officers: Barry S, Sternlicht, Chmn./CEO
Ronald C. Brown, Exec. VP/CFO Thomas C. Janson,
HOT is a hotel operator and gaming company operating both directly and through its wholly owned subsidiaries. For the fiscal year ended 12/31/98, revenues rose 58% to $4.71 billion. Net income available to Common from continuing operations before extra item. and accounting change increased to $125 million vs. a loss of $270 million. Revenues benefited from the increased number of hotels due to the reverse acquisition of ITT. Net income reflects higher gross profit margins.