Starwood

Starwood Hotels and Resorts Worldwide, LLC

Type	Subsidiary
Industry	Hospitality
Founded	1969 as a REIT 1980 as a corporation[1]
Headquarters	Stamford, Connecticut, U.S.
Products	Hotels, resorts
Brands	St. Regis The Luxury Collection W Hotels Sheraton Westin Le Meridien Tribute Portfolio Design Hotels Four Points Aloft Element
Revenue	US$6.115 billion (2013) [2] US$6.321 billion (2012) [2]
Operating income	US$925 million (2013) [2] US$912 million (2012) [2]
Net income	US$635 million (2013) [2] US$562 million (2012) [2]
Total assets	US$8.762 billion (2013) [3] US$8.855 billion (2012) [2]
Total equity	US$3.363 billion (2013) [3] US$3.142 billion (2012) [2]
Number of employees	181,400 (2013)[4]
Parent	Marriott International
Website	www.starwoodhotels.com
Footnotes / references [5][6]

Former Starwood logo

Starwood Hotels and Resorts Worldwide, LLC is a subsidiary of Marriott International. Prior to its merger with Marriott, Starwood Hotels & Resorts was an American hotel and leisure company headquartered in Stamford, Connecticut.^[7][8] It was one of the world's largest hotel companies that owns, operates, franchises and manages hotels, resorts, spas, residences, and vacation ownership properties under its 11 owned brands. As of 1 December 2014, Starwood Hotels and Resorts owned, managed, or franchised over 1,200 properties employing over 180,400 people, of whom approximately 26% were employed in the United States.^[9]

On November 16, 2015, Marriott International announced that it would purchase Starwood Hotels and Resorts for $13.6 billion, creating the world's largest hotel chain once the deal closed.^[10] The merger was finalized on September 23, 2016 after gaining the final approval from the American authorities.^[11] After the acquisition by Marriott was approved, the Starwood Preferred Guest program announced that it would provide reciprocal benefits with Marriott's guest reward program. The two programs will be merged under a single brand in the future.^[12]

Brands

Westin

The Westin Hotels and Resorts brand is Starwood's largest upscale hotels and resorts brand. It was bought by Starwood in 1994 and is also the oldest brand within Starwood, dating back to 1930 and still continuing with it.

Sheraton

Sheraton is Starwood's "flagship" brand, providing luxury hotel and resort accommodation. It began operating in 1937 and was sold to Starwood in 1998 by ITT. Also under the Sheraton brand are 7 Vacation Ownership properties.

The Luxury Collection

The Luxury Collection brand began on January 13, 1992, when ITT Sheraton designated 28 of its premier hotels and 33 of the Sheraton Towers, the luxury "hotel-within-a-hotel" facilities located within Sheraton's largest and most exclusive hotels, as the ITT Sheraton Luxury Collection.^[13] The flagship of the division was The St Regis in New York City.

The division expanded enormously two years later, in February 1994, when ITT Sheraton purchased a controlling interest in CIGA (Compagnia Italiana Grandi Alberghi, or Italian Grand Hotels Company), an Italian international hotel chain which owned a number of luxury properties across Europe.^[14] The majority of the CIGA hotels were folded into the ITT Sheraton Luxury Collection. Both ITT Sheraton and later Starwood kept CIGA's original logo (the four horses of St. Mark) for The Luxury Collection brand logo until 2010; each Luxury Collection hotel now uses its own logo. After Starwood bought Sheraton, they established a separate brand identity for The Luxury Collection and expanded it. Many hotels in The Luxury Collection are smaller establishments in converted palaces or other significant buildings, others are restored historic hotels.

Some hotels in The Luxury Collection, which were originally part of the ITT Sheraton Luxury Collection, kept their Sheraton name when the Luxury division was spun off as a completely separate brand under Starwood. Most have been renamed over the last few years, there are only three such hotels remaining today, operating with the name Sheraton, but not technically part of Sheraton - Sheraton Addis (Addis Ababa, Ethiopia), Sheraton Grande Sukhumvit (Bangkok, Thailand), and Sheraton Kuwait Hotel (Kuwait City, Kuwait).

A part of the Collection, the Royal Penthouse Suite, at Hotel President Wilson in Geneva, billed at US$65,000 per night, is listed at number 1 on World's 15 Most Expensive Hotel Suites list compiled by CNN Go in 2012.^[15]

Four Points by Sheraton

Launched in 1995 under the Sheraton Group's brand, this brand is a set of mid-range hotels that replaced the Sheraton Inn sub-brand of Sheraton.

W Hotels

W Hotels is Starwood's luxury boutique hotel brand, generally marketed towards a younger crowd. It was launched in 1998 with the W New York, a conversion of the old Doral Inn hotel at 541 Lexington Avenue in Manhattan and the brand has since expanded with over fifty hotels and resorts around the world.

Though the hotels vary from newly built flagship properties to more modest conversions of previous hotels, they have a common theme of spare, minimalist modern decor and hip, informal names for categories of rooms and public areas. For example, the lobbies of all the hotels are known as the "Living Room". W Hotels attempt to include the letter W wherever possible - the swimming pool is known as "Wet", the concierge is known as "Whatever Whenever", the laundry bag in every room is known as "Wash", and so on.

St. Regis

St. Regis is Starwood's main luxury brand, launched in 1999. It is named for The St. Regis Hotel in New York City, which was built in 1904 in Manhattan at 5th Avenue and 55th Street by John Jacob Astor IV, who also founded the Astoria Hotel (which later became the Waldorf-Astoria Hotel) and who died in 1912 on the RMS Titanic. In the 1930s, head bartender Fernand Petiot introduced the Bloody Mary cocktail. The St. Regis was a Sheraton from 1966 on, and following a lavish restoration from 1985 to 1991, it was part of the ITT Sheraton Luxury division before it became the cornerstone and flagship of Starwood's new brand. The brand is currently present on four continents, with a total pipeline of 57 operating and signed hotels as of April 2016.

Le Méridien

Le Méridien was founded by Air France in 1972 and was sold to Starwood in 2005, by which point it was based in the UK. It has a total of 137 properties operating or in the pipeline worldwide, with its first property being Le Méridien Etoile in Paris, France. Le Méridien is positioned as an upper-upscale brand in the Starwood hierarchy and offers properties with an edge towards art, design and local destination, with each hotel customized to its respective location with the intent of "unlocking destinations" for guests. Certain locations offer guests complimentary access to art galleries and museums through collaborations and partnerships. Le Méridien has a partnership with the Italian coffee roasting company Illy, serving and promoting Illy-branded coffee and products throughout its hotels around the world.

Aloft

Aloft, was launched in 2005 as Aloft, a Vision of W Hotels, in a relationship with W similar to Four Points by Sheraton and its 'brand parent', Sheraton. Aloft is a mid-scale, urban-style business/boutique hotel brand.

Element

Announced in 2006, and originally known as Element by Westin, this is Starwood's first brand of hotels intended to be environmentally friendly. The designs include energy and water efficient features.^[16] The first Element hotel opened in Lexington, Massachusetts in July 2008.^[17] Element hotels are built eco-friendly from the ground up, from the floors made of recycled materials to energy-efficient lighting and plumbing fixtures. In 2013 the first Canadian location opened in Vaughan, Ontario. In September 2014 the first German location opened in Frankfurt.

Tribute Portfolio

Launched in April 2015, Tribute Portfolio is the 10th brand of Starwood.^[18] Similar to The Luxury Collection brand, Tribute Portfolio is a collection of independent hotels but with a focus on four-star hotels instead of five-star ones.^[19] Individual hotels under this brand gain access to Starwood's sales platform^[19] and participate in the Starwood Preferred Guest loyalty program^[18] but do not share their look and feel.^[20]

Design Hotels

Berlin-based Design Hotels provides hospitality services to a network of nearly 300 independently owned and operated hotels. Starwood has been a majority investor in the Design Hotels since 2011.^[21] In October 2015, Starwood announced that it would add Design Hotels to its brand portfolio through a new marketing partnership.^[22] Member hotels of the Design Hotels collection have the option to join the Starwood Preferred Guest loyalty program and gain access to Starwood's sales platform.^[23] Design Hotels continues to operate independently.^[21]

Partnerships

Starwood has a credit card partnership with American Express. A former partnership with MBNA Canada Bank in Canada was replaced by American Express in 2010.

Starwood Preferred Guest also has a partnership with 32 affiliated airlines allowing guests to redeem their points for flights under the "SPG Flights" program.^[24] Furthermore, SPG has a "crossover rewards" program with Delta Air Lines, offering Medallion elite members certain elite benefits at Starwood Group hotels and offering certain Medallion elite benefits to SPG Platinum Preferred Guest members.^[25]

According to Starwood Hotels and Resorts' corporate profile, the SPG program has over 21 million members.^[9]

Gallery

• Starwood Hotels and Resorts Worldwide
• 
  Former Starwood headquarters in White Plains
• 
  Westin Times Square
• 
  The historic Westin Book-Cadillac Hotel in downtown Detroit
• 
  Sheraton Poznań
• 
  The historic Hotel Imperial in Vienna
• 
  The Romanos, a Luxury Collection Resort, Costa Navarino, Messinia, Greece
• 
  W Washington, D.C. Hotel in Washington, D.C.
• 
  The St. Regis New York
• 
  Metropol Palace in Belgrade
• 
  Hotel Romazzino in Costa Smeralda, Sardinia
• 
  Sofia Hotel Balkan, a Luxury Collection Hotel

References

External links

Wikimedia Commons has media related to Starwood Hotels and Resorts Worldwide.

• Official website