Starwood Hotels & Resorts Worldwide, Inc.
News and overview for Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels closes on sale of St. Regis space
Yahoo! | 2 hours 5 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 & Resorts Worldwide Inc. to release third-quarter results Thursday
Los Angeles Times | 18 days 8 hours 46 minutes ago
CHICAGO (AP) — Starwood Hotels & Resorts Worldwide Inc.
Earnings Preview: Starwood Hotels & Resorts
Richmond Times-Dispatch (Va.) | 18 days 8 hours 48 minutes ago
CHICAGO (AP) -- Starwood Hotels & Resorts Worldwide Inc. reports results for the third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Starwood Hotels 3Q profit declines 64 percent
Richmond Times-Dispatch (Va.) | 16 days 14 hours 9 minutes ago
MILWAUKEE (AP) -- As Starwood Hotels & Resorts Worldwide Inc., owner of Sheraton, W and other brands, cut room rates in the third quarter to bring travelers back, its profit fell 64 percent, and it expects another tough year.
Starwood Hotels quarterly profit drops 64.6% - MarketWatch
MarketWatch | 16 days 22 hours 16 minutes ago
HOT
Starwood Hotels 3rd-quarter profit drops as travel continues to slump; room rates low
Chicago Tribune | 16 days 21 hours 7 minutes ago
WHITE PLAINS, N.Y. (AP) — 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.
Starwood Hotels & Resorts Worldwide Inc. to release third-quarter results Thursday -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 18 days 8 hours 56 minutes ago
CHICAGO (AP) — Starwood Hotels & Resorts Worldwide Inc. reports results for the third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Starwood Prices $250 Million Debt Offering [Press Release]
Business Wire | 2 days 9 hours 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.
Starwood Announces Cash Tender Offer for Outstanding Notes [Press Release]
Business Wire | 2 days 16 hours 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 ...
Aloft Makes Landmark Debut in the Middle East [Press Release]
Business Wire | 3 days 19 hours 37 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 to Offer Senior Notes Due 2019 [Press Release]
Business Wire | 2 days 16 hours 5 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.
Starwood Hotels & Resorts Worldwide closes on sale of St. Regis New York retail space
Sun (Baltimore), The | 2 days 14 hours 54 minutes ago
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 Auction Offers Insider Access to the Hottest Events Money Can t Buy [Press Release]
Business Wire | 4 days 17 hours 13 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 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 | 17 days 19 hours 37 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 Hotel s Denise Coll Inducted into the Massachusetts Lodging Association Hall of Fame [Press Release]
Business Wire | 2 days 17 hours 1 minute 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 |