Starwood Hotels & Resorts Worldwide, Inc.
News and overview for Starwood Hotels & Resorts Worldwide, Inc.
Starwood Announces Early Tender Results of its Cash Tender Offer for up to $300,000,000 Aggregate Principal Amount of Certain of its Outstanding Notes [Press Release]
Business Wire | 4 days 45 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announced that, as of 5:00 p.m., New York City time, on November 19, 2009 (the “Early Tender Date”), $193,652,000 aggregate principal amount of its 7⅞% Senior Notes due 2012 (CUSIP No. 85590AAD6/U85650AB2) (the “2012 Notes”) and $132,107,000 aggregate principal amount of its 6¼% Senior Notes due 2013 (CUSIP No. 85590AAK0) (the “2013 Notes” and, together with the 2012 Notes, the “Notes”) have been tendered and not validly withdrawn i...
Westin Hotels Opens Six Hotels in Six Weeks [Press Release]
Business Wire | 5 days 2 hours 28 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announces the opening of six new Westin hotels the remaining six weeks of the year. The upcoming openings underscore the Westin brand’s focus on international expansion and will include locations in India: The Westin Hyderabad Mindspace, The Westin Mumbai Garden City and The Westin Pune Koregaon Park; China: The Westin Tianjin; and the United States: The Westin Washington Dulles Airport and The Westin Lake Mary, Orlando North.
Sheraton Puerto Rico Convention Center Hotel & Casino Celebrates Grand Opening [Press Release]
Business Wire | 7 days 23 hours 57 minutes ago
Starwood Hotels and Resorts Worldwide, Inc. (NYSE:HOT) and Interlink Group announced today the grand opening of the new Sheraton Puerto Rico Convention Center Hotel & Casino. Located adjacent to the Puerto Rico Convention Center in San Juan’s newest vibrant commercial and residential district, the new 503-room property welcomes both business and leisure travelers, offering exceptional meeting facilities, a full-service casino and resort-like amenities, including a sundeck/pool, spa and retail...
Starwood Becomes Senior Partner for Cornell School of Hotel Administration s Leadership Development Program [Press Release]
Business Wire | 8 days 19 minutes ago
The Cornell School of Hotel Administration and Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT), two recognized leaders in the hospitality industry, have developed a corporate alliance that will begin Starwood’s three-year senior partnership with the school’s Leadership Development Program (LDP). The alliance will formally begin January 1, 2010, and continue through December 31, 2013.
Starwood Opens Its 150th Hotel in Asia Pacific with the Debut of ITC Royal Gardenia, a Luxury Collection Hotel in Bengaluru, India [Press Release]
Business Wire | 34 days 3 hours 28 minutes ago
Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT) today announces the opening of its 150th hotel in Asia Pacific with the debut of ITC Royal Gardenia, a Luxury Collection Hotel in Bengaluru, India’s third largest metropolis. Owned by ITC Limited, the hotel features 292 luxuriously appointed guest rooms and suites, an outdoor pool, tropical gardens, five world class restaurants and lounges, a state-of-the-art business center and a signature spa. Committed to sustainable luxury, ITC Royal...
Starwood Announces Cash Tender Offer for Outstanding Notes [Press Release]
Business Wire | 18 days 23 hours 51 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase up to $300,000,000 aggregate principal amount (subject to increase by Starwood, the “Aggregate Maximum Tender Amount”) of its 7⅞% Senior Notes due 2012 (CUSIP No. 85590AAD6/85590AAC8) (the “2012 Notes”) and 6¼% Senior Notes due 2013 (CUSIP No. 85590AAK0) (the “2013 Notes” and, together with the 2012 Notes, the “Notes”) subject to the Maximum Tender ...
Starwood Opens Its 150th Hotel in Asia Pacific and Signs 23 New Deals in 2009 [Press Release]
Business Wire | 41 days 3 hours 28 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) reaches another key milestone with the opening of its 150th hotel in Asia Pacific – the ITC Royal Gardenia, a Luxury Collection Hotel in Bengaluru. The opening of the 292-room hotel in India underscores Starwood’s long-term strategic growth plans in Asia Pacific, where it has executed 23 new deals in 2009. This year, Starwood has also opened seven hotels prior to the opening of ITC Royal Gardenia with another seven slated to open by year end.
Starwood to Offer Senior Notes Due 2019 [Press Release]
Business Wire | 18 days 23 hours 56 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), announced today that it intends to offer, subject to market and other conditions, 10-year senior notes through an underwritten public offering.
Aloft Makes Landmark Debut in the Middle East [Press Release]
Business Wire | 20 days 3 hours 28 minutes ago
Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) and its new destination sensation brand, Aloft® Hotels, today announce the opening of Aloft Abu Dhabi, the first Aloft to open in the Middle East and the second Aloft to open outside of North America.
Starwood Poised to More Than Double Its Presence in China to 100 Hotels by 2012 [Press Release]
Business Wire | 40 days 2 hours 31 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announces the recent opening of its 50th hotel in China – the Sheraton Jinan Hotel. The opening reinforces Starwood’s leadership position in China where it has signed 18 new deals in the past 10 months and remains on track with plans to double its presence by 2012.
Starwood Prices $250 Million Debt Offering [Press Release]
Business Wire | 18 days 16 hours 51 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it has priced an underwritten public offering of $250 million of 7.150% Senior Notes due 2019. The notes were offered to the public at a price of 97.559% of principal amount.
Guests Get Busy in the Kitchen at Element Hotels with Nintendo DS and Personal Trainer: Cooking [Press Release]
Business Wire | 13 days 22 hours 18 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and its new eco-chic brand, Element Hotels, today announced a partnership with Nintendo to provide Nintendo DS™ systems pre-loaded with Personal Trainer™: Cooking software to hotel guests. The software, which acts as an interactive culinary coach, makes it easy for travelers to choose recipes, prepare shopping lists and cook meals in the comfort of their fully equipped in-suite kitchens. This is the latest in a series of initiatives being ...
Starwood Auction Offers Insider Access to the Hottest Events Money Can t Buy [Press Release]
Business Wire | 21 days 1 hour 4 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and its award-winning loyalty program, Starwood Preferred Guest® (SPG) invites members to come behind the velvet rope at this season’s hottest events – all without spending a cent.
Starwood Hotels Set to Double Portfolio in Puerto Rico [Press Release]
Business Wire | 15 days 2 hours 28 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) – the hotel industry’s most global company – today announces it will double its presence in Puerto Rico in the next year with the opening of the island’s first W and St. Regis hotels and its second Sheraton.
Starwood Hotel s Denise Coll Inducted into the Massachusetts Lodging Association Hall of Fame [Press Release]
Business Wire | 19 days 52 minutes ago
Starwood Hotels & Resorts Worldwide, Inc.(NYSE:HOT) is honored to announce that Denise M. Coll, President of Starwood’s North America Division, was selected by the Massachusetts Lodging Association (MLA) to be inducted into the MLA Hall of Fame for her contributions to the lodging industry of Massachusetts during her 30 year career. The award was presented last week at The Sheraton Boston Hotel during the 2009 MLA Hall of Fame Award Ceremony.
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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 |
