On Tuesday, Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT)’s shares declined -0.64% to $84.24.
Westin Hotels & Resorts, part of Starwood Hotels & Resorts (HOT), declared the opening of its latest Austin hotel, The Westin Austin Downtown, located in the heart of the city at the corner of San Jacinto Boulevard and Fifth Street. A joint venture among White Lodging Services Corporation, the Harry Whittington family and REI Real Estate Services, LLC., the 19-story hotel, which draws design inspiration from the local music scene, is Westin’s second Austin property, and one of five new openings in North America this year.
The Westin Austin Downtown used HKS Architects, Inc. and was designed by Simeone Deary. Upon entering the lobby, guests are transported to a modern-day oasis where they are met with a 12-foot-tall custom-made art piece comprised of charred wood blocks that come together to form the body of a guitar. Incorporating natural design elements, the lobby ceiling and vertical garden mimic the cutouts of a Dobro guitar, while the ballroom floors allude to prints often found on guitar straps. In keeping with the Austin music theme, the hotel will regularly host local musicians in the lounge area.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
Signature Bank (NASDAQ:SBNY)’s shares dropped-3.97% to $146.09.
Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, recently declared results for its second quarter ended June 30, 2015. Net income for the 2015 second quarter reached a record $90.5 million, or $1.77 diluted earnings per share, as compared to $72.5 million, or $1.48 diluted earnings per share, for the 2014 second quarter. The record net income for the 2015 second quarter, as compared to the comparable quarter last year, is primarily due to an enhance in net interest income, fueled by strong average deposit growth and loan growth. These factors were partially offset by an enhance in non-interest expenses.
Net interest income for the 2015 second quarter reached $236.3 million, up $42.6 million, or 22.0 percent, when contrast with the 2014 second quarter. This enhance is primarily due to growth in average interest-earning assets. Total assets reached $29.97 billion at June 30, 2015, an enhance of $5.44 billion, or 22.2 percent, from $24.53 billion at June 30, 2014. Average assets for the 2015 second quarter reached $29.36 billion, an enhance of $5.54 billion, or 23.2 percent, contrast with the 2014 second quarter.
Signature Bank provides various business and personal banking products and services. It accepts various deposit products, counting commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposits, time deposits, and other cash administration products.
At the end of Tuesday’s trade, Commscope Holding Company Inc (NASDAQ:COMM)‘s shares dipped -1.41% to $30.85.
CommScope Holding Company, Inc. (COMM) has partnered with HP to provide its iTRACS® data center infrastructure administration (DCIM) platform with HP’s Converged Administration Consulting Services.
The combination of iTRACS DCIM and HP’s converged administration framework simplifies and improves the ability of data center managers to manage and optimize their infrastructure to meet their organization’s fast-changing needs. This partnership extends iTRACS capabilities by providing decision-makers with improved HP infrastructure administration solutions to optimize the capacity, availability and efficiency of their infrastructure.
CommScope Holding Company, Inc., together with its auxiliaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband networks worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband.
Lexington Realty Trust (NYSE:LXP), ended its Tuesday’s trading session with -0.23% loss, and closed at $8.65.
Lexington Realty Trust (LXP), a real estate investment trust (REIT) focused on single-tenant real estate investments, declared it would release its second quarter 2015 results the morning of Tuesday, August 4, 2015. Lexington will conduct a teleconference that same day at 11:00 a.m., Eastern Time.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. It also provides investment advisory and asset administration services to institutional investors in the net lease area. As of June 30, 2005, the company operated 185 properties and managed 2 properties. Lexington Corporate Properties Trust has elected to qualify as a REIT for federal income tax purposes.
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