Starwood Increases Share Repurchase Authorization by $500 Million
STAMFORD, Conn. -- February 13, 2013
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that the
Company’s share repurchase authorization has increased by an additional $500
million. As of February 13, 2013, the total amount available under the
authorization is approximately $680 million.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with 1,134 properties in nearly 100 countries
and 171,000 employees at its owned and managed properties. Starwood is a fully
integrated owner, operator and franchisor of hotels, resorts and residences
with the following internationally renowned brands: St. Regis®, The Luxury
Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton,
Aloft®, and Element^SM. The Company boasts one of the industry’s leading
loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and
redeem points for room stays, room upgrades and flights, with no blackout
dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier
provider of world-class vacation experiences through villa-style resorts and
privileged access to Starwood brands. For more information, please visit
Stephen Pettibone, 203-351-3500
KC Kavanagh, 866-478-2777
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