Starwood Hotels and Resorts
Headquarters:
1111 Westchester Avenue
White Plains, NY 10604
Phone: (914) 640-8100
Employees: 155,000
CEO: Frits van Paasschen
Stock Symbol: HOT
Website:
http://www.starwoodhotels.com
Career Site
Starwood Hotels & Resorts Worldwide,
Inc. is one of the leading hotel and leisure companies in the
world with approximately 900 properties in more than 100 countries
and 155,000 employees at its owned and managed properties.
Starwood Hotels is a fully integrated owner,
operator and franchisor of hotels and resorts with the following
international brands: St. Regis, The Luxury Collection, W, Westin,
Le Méridien, Sheraton, Four Points by Sheraton, aloft,
and Element. Starwood Hotels also owns Starwood Vacation Ownership,
Inc., one of the premier developers and operators of high quality
vacation interval ownership resorts.
As of December 31, 2007, the Company had
approximately 500 hotels in the active pipeline, representing
120,000 rooms, driven by strong interest in all Starwood brands.
Of these rooms, almost 70% are in the upper upscale/luxury segment
and over half are outside North America.
During the fourth quarter of 2007, 16 new
hotels and resorts (representing approximately 3,800 rooms) joined
Starwood, including the St. Regis Singapore (Singapore, 299 rooms),
the Le Méridien Cambridge (Boston, Massachusetts, 210
rooms) and the Sheraton Kansas City (Kansas City, Missouri, 372
rooms). Fifteen properties (representing approximately 3,400
rooms) were removed from the system during the quarter. For the
full year in 2007, the Company opened 66 hotels with approximately
19,000 rooms.
In 2007, Starwood reported revenues of
$6.1 billion and net income of $542 million. The company reported
15.2% of its earnings from hotels in NY and 8% from Hawaii.
The Company expects to open approximately
80 to 100 hotels (representing approximately 20,000 rooms) in
2008 and is targeting signing over 200 hotel management and franchise
contracts in 2008.
History
Starwood originally operated as a Trust
that was organized in 1969, and the Corporation was incorporated
in 1980, both under the laws of Maryland. Sheraton Hotels &
Resorts and Westin Hotels & Resorts, Starwood's largest brands,
have been serving guests for more than 60 years. Starwood Vacation
Ownership (and its predecessor, Vistana, Inc.) has been selling
vacation ownership interests for more than 20 years.
The origins of Sheraton date back to 1937
when the company's founders, Ernest Henderson and Robert Moore,
acquired their first hotel in Springfield, MA. Within two years,
they purchased three hotels in Boston and soon expanded their
holdings to include properties from Maine to Florida. At the
end of its first decade, Sheraton had proven so popular and had
become such a relied-upon brand that it was the first hotel chain
to be listed on the New York Stock Exchange. In 1998, Starwood
acquired Sheraton.
Benefits
For most benefits, you may choose to cover
eligible dependents or decline coverage altogether.
Automatic benefits provided include; basic
life insurance, accidental death and dismemberment insurance,
business travel accident coverage, short term disability, time
off and employee and adoption assistance programs.
Optional benefits include; medical, dental,
vision, flexible spending accounts, long-term disability, additional
life insurance, dependent life insurance, Employee Stock Purchase
Plan (ESPP), and The Starwood Savings and Retirement Plan - 401(k).
Updated February 18, 2008
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