Starwood Hotels & Resorts Worldwide, Inc. operates as a hotel and leisure company worldwide. The company has 1,222 properties providing approximately 354,200 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 primarily 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, 2014, the company’s hotel business included 1,207 owned, managed, or franchised hotels with approximately 346,600 rooms, comprising 36 hotels that it owns or leases or in which the company has a majority equity interest; 583 hotels managed by the company on behalf of third-party owners (including entities in which it has a minority equity interest); and 588 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. The company manages and operates its hotel business in three hotel segments: the Americas; Europe, Africa and the Middle East; and Asia Pacific. The company franchises its Luxury Collection, 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 VOIs in the resorts; and in various cases, provides financing to customers who purchase such ownership interests. As of December 31, 2014, the company had 22 owned vacation ownership resorts in the United States, Mexico, and the Bahamas, including 14 stand-alone, 7 mixed-use, and 1 unconsolidated joint venture. The company was selling vacation ownership interests at 17 sites in its portfolio. Brands The company’s brand names include the following: St. Regis includes luxury full-service hotels, resorts, and residences. The Luxury Collection includes luxury full-service hotels and resorts. W includes luxury and upper upscale full-service hotels, retreats, and residences. Westin includes luxury and upper upscale full-service hotels, resorts, and residences. Le Méridien includes luxury and upper upscale full-service hotels, resorts, and residences. 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. Seasonality The company’s revenues and operating income have been lower in the first quarter (year ending December 2014) than in the second, third, or fourth quarters. 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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