Starwood Vacation Ownership, 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 | 2 days 17 hours 19 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No. 85590AAK0) (the “2013 Notes” and, together with the 2012 Notes, the “Notes”) have been tendered and not validly withdrawn i...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 | 3 days 19 hours 2 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.

Starwood Becomes Senior Partner for Cornell School of Hotel Administration s Leadership Development Program [Press Release]
Business Wire | 6 days 19 hours 2 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 with Starwood’s three-year senior partnership of the school’s Leadership Development Program (LDP). The alliance will formally begin January 1, 2010, and continue through December 31, 2013.

Starwood Announces Cash Tender Offer for Outstanding Notes [Press Release]
Business Wire | 17 days 16 hours 25 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 | 39 days 20 hours 2 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 | 17 days 16 hours 30 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 Poised to More Than Double Its Presence in China to 100 Hotels by 2012 [Press Release]
Business Wire | 38 days 19 hours 4 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 s Board Approves Annual Dividend of $0.20 Per Share [Press Release]
Business Wire | 20 days 19 hours 2 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has declared the Company’s annual cash dividend of $0.20 per share. The dividend will be paid on January 14, 2010 to shareholders of record on December 31, 2009.

Starwood Hotels Announces the Sale of the St. Regis New York s Retail Space for $117 Million [Press Release]
Business Wire | 17 days 19 hours 32 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 to GFC Fifth Avenue LLC, an investment group led by the Chera family’s Crown Acquisitions, Lloyd Goldman and the Feil Organization. The sales price of $117 million represents a 5% cap rate on anticipated 2009 NOI.

Sheraton Puerto Rico Convention Center Hotel & Casino Celebrates Grand Opening [Press Release]
Business Wire | 6 days 16 hours 31 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...

China Leads Starwood Preferred Guest Program s Global Growth [Press Release]
Business Wire | 38 days 19 hours 4 minutes ago
China has become the richest source of new, loyal travelers for Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT), according to an analysis on the enrollment and travel trends of Starwood Preferred Guest (SPG) members. The results underscore previous reports by the World Tourism Organization that forecast China as the world’s largest market for inbound and domestic tourism by 2015.

Starwood Prices $250 Million Debt Offering [Press Release]
Business Wire | 17 days 9 hours 25 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.

Starwood Auction Offers Insider Access to the Hottest Events Money Can t Buy [Press Release]
Business Wire | 19 days 17 hours 38 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.

Aloft Makes Landmark Debut in the Middle East [Press Release]
Business Wire | 18 days 20 hours 2 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 Hotels Set to Double Portfolio in Puerto Rico [Press Release]
Business Wire | 13 days 19 hours 2 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.