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Starwood announces plan to spin-off vacation ownership business

Starwood announces plan to spin-off vacation ownership business
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Starwood sells iconic St Regis, Rome

STAMFORD, CT – Starwood Hotels & Resorts Worldwide, Inc today announced that it has sold The St Regis, Rome to subsidiaries of Constellation Hotels Holding Limited (“Constellation”) for €110 mil STAMFORD, CT – Starwood Hotels & Resorts Worldwide, Inc today announced that it has sold The St Regis, Rome to subsidiaries of Constellation Hotels Holding Limited (“Constellation”) for €110 million (approximately $150.7 million USD). Starwood will continue to operate the hotel under the St. Regis brand flag as part of a new long-term management agreement. “The sale of The St. Regis, Rome further advances Starwood’s asset-light strategy as we continue to seek the right owners and partners to create value for our shareholders and focus on growing our global fee business, and we are delighted to collaborate with Constellation Hotels Holding to ensure the future success of this extraordinary hotel,” said Simon Turner, President of Global Development for Starwood. “With

Starwood Hotels & Resorts cut water, energy & emissions

STAMFORD, CT – Starwood Hotels & Resorts Worldwide, Inc today announced it has reduced energy use by 12.08%, carbon emissions by 16.07% and water use by 17.26% across all owned, managed and franchised STAMFORD, CT – Starwood Hotels & Resorts Worldwide, Inc today announced it has reduced energy use by 12.08%, carbon emissions by 16.07% and water use by 17.26% across all owned, managed and franchised properties from 2008 through 2014. The reductions stem from Starwood’s 30/20 by 20 environmental goals, launched in 2009, to cut energy use by 30% and water use by 20% by 2020 globally. In 2013, Starwood added a goal to reduce carbon emissions by 30% during the same timeframe. “We’re pleased with the progress and are encouraged by the reductions we made while maintaining an aggressive global growth strategy,” said Ken Siegel, Chief Administrative Officer, General Counsel and Head of Global Citizenship at Starwood. “Our 30/20 by 20 goals challenge us to create short- and lo

Starwood s new brand sets sights on world s most distinct independent hotels

Starwood s new brand sets sights on world s most distinct independent hotels
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

Starwood Hotels & Resorts strikes a chord with amped up music experiences

Starwood Hotels & Resorts strikes a chord with amped up music experiences
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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