Starwood Hotels and Resorts
American hotel and leisure company / From Wikipedia, the free encyclopedia
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Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. It was acquired by Marriott International in 2016.[3][4][5][6] Starwood was founded in 1969 as a real estate investment trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group.[2][1][7] Starwood had 11 brands and owned, managed, or franchised 1,297 properties comprising 370,000 hotel rooms in approximately 100 countries.[2]
Quick Facts Company type, Traded as ...
Company type | Subsidiary |
---|---|
NYSE: HOT | |
Industry | Hospitality |
Founded | 1969; 55 years ago (1969), reorganized in 1995; 29 years ago (1995)[1] |
Defunct | September 23, 2016; 7 years ago (2016-09-23) |
Fate | Acquired by Marriott International |
Headquarters | Stamford, Connecticut |
Products | Hotels, resorts |
Brands | St. Regis The Luxury Collection W Hotels Sheraton Westin Le Meridien Tribute Portfolio Design Hotels Four Points Aloft Element |
Revenue | $5.763 billion (2015) |
$0.740 billion (2015) | |
$0.489 billion (2015) | |
Total assets | $8.266 billion (2015) |
Total equity | $1.299 billion (2015) |
Owner | Stephen Heyer |
Footnotes / references [2] |
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