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by Michael J. Shapiro | February 10, 2010

Starwood Hotels & Resorts reported a net loss of $107 million and $0.59 per share in the fourth quarter of 2009, compared with a net income of $79 million and $0.44 per share in the fourth quarter of 2008. Revenue per available room was down 7.2 percent worldwide for the quarter, and 10.1 percent at North American properties. This was relatively good news, according to CEO Frits van Paasschen, who noted that the RevPAR results were the best posted since the third quarter of 2008, and that the company beat expectations for the quarter.