Starwood Hotels & Resorts Worldwide, Inc. operates as a hotel and leisure company worldwide. The company has 1,297 properties providing approximately 370,000 rooms in approximately 100 countries. The company conducts its hotel and leisure business both directly and through its subsidiaries. The company also owns Starwood Vacation Ownership, Inc., a provider of vacation experiences through villa-style resorts and privileged access to Starwood brands. The company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. As of December 31, 2015, the company’s hotel business included 1,282 owned, managed or franchised hotels with approximately 362,300 rooms, comprising 32 hotels that the company owns or leases or in which the company has a majority equity interest; 608 hotels managed by the company on behalf of third-party owners (including entities in which the company has a minority equity interest); and 642 hotels for which the company receives franchise fees. Additionally, the company’s vacation ownership and residential business included 15 stand-alone vacation ownership resorts and residential properties as of December 31, 2015. The company manages and operates its hotel business in three separate hotel segments: the Americas; Europe, Africa and the Middle East; and the Asia Pacific. The company’s vacation ownership and residential business is a separate segment. The company franchises its Luxury Collection, Tribute Portfolio, Westin, Le Méridien, Sheraton, Four Points by Sheraton, Aloft and Element brands. The company develops, owns, and operates vacation ownership resorts; markets and sells the vacation ownership interests in the resorts; and in many cases, provides financing to customers who purchase such ownership interests. As of December 31, 2015, the company had 22 owned vacation ownership resorts in the United States, Mexico and the Bahamas, consisting of 14 stand-alone, 7 mixed-use and 1 unconsolidated joint venture. The company was selling vacation ownership interests at 19 sites in its portfolio, which includes Westin Nanea Ocean Villas that was not yet in operation. Brands The company’s brand names include the following: St. Regis (luxury full-service hotels, resorts and residences) provides flawless and bespoke service to high-end leisure and business travelers. The Luxury Collection (luxury full-service hotels and resorts) is a group of hotels and resorts offering exceptional service to an elite clientele. W includes luxury and upper upscale full-service hotels and residences. Westin (luxury and upper upscale full-service hotels, resorts and residences) provides programs and instinctive services designed with the company’s guests’ well-being in mind. Le Méridien (luxury and upper upscale full-service hotels, resorts and residences) is a Paris-born global hotel brand, represented by 103 properties in 37 countries worldwide. Sheraton includes luxury and upper upscale full-service hotels, resorts and residences. Four Points includes select-service hotels. Aloft includes select-service hotels. Element includes extended stay hotels. Tribute Portfolio includes independent hotels in distinct locations. Seasonality The company’s revenues and operating income have been lower in the first quarter than in the second, third or fourth quarters (year ended December 2015). History Starwood Hotels & Resorts Worldwide, Inc. was founded in 1969. The company was incorporated in 1980 under the laws of Maryland.
starwood hotels & resorts
Stamford, CT 06902
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