Starwood Hotels & Resorts Worldwide, Inc.

News and overview for Starwood Hotels & Resorts Worldwide, Inc.

UPDATE:Starwood 3Q Profit Down 65% On Weak Demand, Tops Views
Wall Street Journal, The | 31 days 8 hours 35 minutes ago
(Includes analyst quote and additional context on lodging industry.) By A.D. Pruitt Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Starwood Hotels & Resorts Worldwide Inc.'s (HOT) third-quarter earnings fell 65% amid slumping revenue per available room, though results topped expectations.


BUSINESS OCTOBER 22, 2009, 6:47 A.M. ET Starwood's Profit Tumbles 65% on Weak Demand
Barron's (subscription required) | 32 days 2 hours 42 minutes ago
Starwood Hotels & Resorts Worldwide Inc.'s third-quarter earnings fell 65% amid slumping consumer demand, though results topped expectations.


Rio Race for Rooms by Marriott, Starwood Starts for 2016 Olympic Shortage
Bloomberg | 46 days 7 hours 1 minute ago
...International Inc.InterContinental Hotels Group Plc and Starwood Hotels & Resorts Worldwide Inc. are ready to compete for guests...InterContinental Hotels Group Plc and Starwood Hotels & Resorts Worldwide Inc. are ready to compete for guests...


Starwood cuts annual cash dividend by 70 cents
CNBC | 20 days 21 hours 10 minutes ago
WHITE PLAINS, N.Y. - Hotel and leisure company Starwood Hotels & Resorts Worldwide Inc. said Monday that it lowered its annual cash dividend by 70 cents to 20 cents per share.


Starwood Hotels closes on sale of St. Regis space
Seattle Times, The | 17 days 20 hours 50 minutes ago
WHITE PLAINS, N.Y. Starwood Hotels & Resorts Worldwide Inc. said Thursday it closed on the sale of St. Regis New York's retail space for $117 million to investment group GFC Fifth Avenue LLC.


Starwood Hotels and Resorts Opens Aloft Abu Dhabi, First Aloft Hotel to Debut in the Middle East
Hospitality Net | 19 days 2 hours 20 minutes ago
Starwood Hotels and Resorts Worldwide, Inc. (NYSE:HOT) and its new destination sensation brand, AloftSM Hotels, today announced the opening of Aloft Abu Dhabi, the first Aloft hotel to open in the Middle East and the only hotel in the Abu Dhabi National Exhibition Centre (ADNEC) in the capital of the United Arab Emirates.


Starwood Hotels Announces the Sale of the St. Regis New York's Retail Space for $117 Million
Hotel News Resource | 17 days 20 hours 34 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that the Company has closed on the sale of 24,700 square feet of retail space at the St. Regis New York.


Starwood Hotels 3Q Profit Declines 64 Percent
ABC News | 32 days 2 hours 56 minutes ago
Starwood Hotels 3rd-quarter profit drops as travel continues to slump; room rates low


Starwood Hotels closes on sale of St. Regis space - National Business - MiamiHerald.com
Miami Herald, The | 17 days 21 hours 9 minutes ago
WHITE PLAINS, N.Y. -- Starwood Hotels & Resorts Worldwide Inc. said Thursday it closed on the sale of St. Regis New York's retail space for $117 million to investment group GFC Fifth Avenue LLC.


Starwood Hotels closes on sale of St. Regis space - Business Wire - SunHerald.com
Sun Herald (Biloxi-Gulfport, Miss.), The | 17 days 21 hours 1 minute ago
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Starwood Hotels 3Q profit declines 64%
Crain's New York Business | 31 days 17 hours 29 minutes ago
The owner of Sheraton and W Hotels, like others in the industry, has been cutting costs and slashing rates to respond to the pullback in discretionary spending by travelers.


Starwood Hotels 3Q profit declines 64 percent
Seattle Times, The | 32 days 2 hours 56 minutes ago
WHITE PLAINS, N.Y. The travel slump sparked by the recession shows little sign of abating, as Starwood Hotels & Resorts Worldwide Inc. said Thursday that its third-quarter profit fell 64 percent on lower room rates, especially at its high-end hotels.





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Company Overview


Company: Starwood Hotels & Resorts Worldwide, Inc.
Industry: Upscale & Luxury Hotels
Website: http://www.starwoodhotels.com

Starwood Hotels & Resorts Worldwide knows how to shine a light on hospitality. The company is one of the world's largest hotel and leisure companies, with about 950 properties in some 100 countries. Its hotel empire consists of luxury and upscale brands such as Four Points, Sheraton, and Westin. Starwood operates 70 high-end resorts and hotels through its St. Regis and Luxury Collection, while its chain of about 20 W Hotels offers ultra-modern style for sophisticated business travelers. Other brands include Le Méridien, Aloft, and Element. In addition, the company's Starwood Vacation Ownership subsidiary operates nearly 30 time-share resorts.


Key Numbers

Sales in U.S. Dollars (mil.) 5,907 (2008)
One-year % Growth in Sales -4.0 (2008)
Net Income in U.S. Dollars (mil.) 329 (2008)
One-year % Growth in Net Income -39.3 (2008)
Number of Employees 145,000 (2008)
One-year % Growth in Number of Employees -6.5 (2008)
Fiscal Year-End December