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Hotel Winners & Losers: Starwood

Stock quotes in this article: HOT , WYN , MHGC , GET  

Updated from 4:22 p.m. ET

NEW YORK -- Shares of hotel companies surged on the first trading day of the new year, with Starwood Hotels & Resorts booking double digit gains after announcing it will enter into a confidentiality agreement with Sam Zell's investment company.

Shares of Starwood Hotels & Resorts Worldwide(HOT Quote) closed up $2.80, or 16.2%, to $20.80 in afternoon trading. The stock has traded between $10.97 and $56 during the past 52 weeks. The broader market was also trading higher -- with the Dow Jones industrials rising 258 points -- despite a weaker-than-expected report on manufacturing. ...

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