Starwood Hotels & Resorts Worldwide Inc. (HOT) Reports Second Quarter 2016 Loss

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported second quarter 2016 financial results.

Starwood Hotels to bring St. Regis brand to India

JAIPUR: Globally, India is the third largest market for Starwood Hotels & Resorts Worldwide in terms of revenue after the US and China. But the US headquartered chain still does not have its St. Regis brand in the country although it operates 42 hotels under brands such as Le Meridien, Sheraton, The Luxury Collection, Four Points by Sheraton and Aloft.

How Starwood Hotels Plans to Redesign the Check-In Process

Loyalty rewards program debuts new technology: the first-ever keyless room entry

Imagine the typical check-in process of your holiday vacation: after airport security and a long flight, you arrive at the hotel lobby and join a number of guests in line for the front desk. During peak travel hours, you wait until an associate is available to greet you, request your ID and credit card and confirm your reservation. You exchange friendly small talk about the city and your trip as they activate keys for your room.

Starwood Hotels & Resorts to Expand European Portolio by 40% with the Opening of More Than 60 New Hotels by 2020

Growth Momentum Accelerates throughout Europe with the Signing of the Sheraton Istanbul Atasehir, Marking Starwood’s 7th Sheraton Hotel in TurkeyWith Deal Signing Pace Back to Pre-Crisis Levels in Europe, Starwood is Focused on Meaningful Growth and Portfolio Enhancements Across All Nine Brands

NEWS | Starwood Hotels to Launch Dual-Hotel Development in Charlotte

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to open both a Sheraton and Le Méridien hotel in Charlotte's bustling uptown business district as part of a $20 million conversion and renovation project. Sheraton Charlotte Hotel and Le MéridienCharlotte will each occupy one tower of a massive hotel complex, currently operated as The Blake Hotel. Owned by Carolina Hospitality and managed by Wischermann Partners, Sheraton Charlotte Hotel will open on August, 15.

NEWS | Starwood Hotels unveils Sheraton Tucuman Hotel in Argentina

Starwood Hotels & Resorts Worldwide, Inc. has opened Sheraton Tucuman Hotel in Argentina, the ninth Sheraton branded hotel in the country, and the tenth hotel under a Starwood brand in the country. The 124-room property is owned by the Argentine company, Sol del NOA S.A., and is operated by Starwood. The hotel offers six Executive Suites and a Presidential Suite. The Sheraton Club Lounge is located on the top floor, and offers a panoramic view of the park and the mountain landscape, a release stated.

NEWS | Starwood Hotels to launch Asia Pacific's first Element Hotel in China in 2015

Starwood Hotels & Resorts Worldwide has signed an agreement with Suzhou Science and Technology Town Kexin Cultural Tourism Development Co Ltd in China to launch an Element Hotel in Suzhou Science and Technology Town (SSTT). SSTT is an eco-city in Suzhou National Industrial Development Zone (SND), on the west of Suzhou and adjacent to Tai Lake. Slated for completion in mid-2015, the property, Element Suzhou Science and Technology Town (Element Suzhou), marks the Starwood brand’s entry into Asia Pacific, as well as the presence of all of Starwood’s nine differentiated lifestyle brands in the region.

NEWS | Starwood Hotels & Resorts Expands Presence in Turkey

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announces the opening of theSheraton Bursa HotelandAloft Bursa Hotel, marking the company's entrance into Bursa. Owned by Faik Celik Holding, the two hotels expand Starwood's rapidly-growing portfolio to nine hotels across Turkey, adding more than 300 rooms to the culturally-charged industrial centre. The opening of the Sheraton Bursa Hotel fuels the brand's growth as it remains on track to celebrate the opening of its 500thhotel by 2015. Aloft Bursa Hotel contributes to the phenomenal growth of the mid-market brand as it is poised to grow by 30% in 2013 with its 75thhotel to open later this year.

NEWS | Starwood to Open First Element Hotel in Asia Pacific

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today signed an agreement with Suzhou Science and Technology Town Kexin Cultural Tourism Development Co., Ltd. to open a new-build Element® hotel in Suzhou Science and Technology Town (SSTT), an eco-city adjacent to the commercial and administrative center of the city's high tech industrial development zone. Slated for completion in mid-2015, the hotel, Element Suzhou Science and Technology Town (Element Suzhou),

NEWS | The Luxury Collection Hotels & Resorts Debuts in Ukraine with Hotel Bristol

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announced that Hotel Bristol in Odessa, Ukraine will join The Luxury Collection® portfolio. Jointly owned by L.A.R.K. LLC (Vertex Hotel Group TM) and Bristol-Krasnaya LLC, Hotel Bristol, a Luxury Collection Hotel, Odessawill mark the brand's entry into Ukraine when it opens early next year. This addition to Starwood's Luxury Collection portfolio reinforces the brand's rapid global expansion as it remains on track to surpass 100 hotels in the next five years.

NEWS | Starwood Hotels opens Sheraton San Jose Costa Rica

Starwood Hotels & Resorts Worldwide and EXT Promociones S.A. Recently unveiled Sheraton San Jose, marking the return of the Sheraton brand in Costa Rica. Managed by GHL Hoteles, the 172-room hotel features Kitchen by Rausch, a full-service restaurant serving breakfast, lunch and dinner that will balance European cuisine with locally-sourced ingredients; 8vo Bar Restaurante, a specialty restaurant,

NEWS | Starwood forays Four Points by Sheraton into Lima, Peru

Starwood Hotels & Resorts Worldwide, Inc., last week debuted Four Points by Sheraton brand in Peru with the new Four Points by Sheraton Miraflores owned by Top Rank Group LLC and managed by Interamerican Promo Hotels. The 134-room hotel is located in the heart of Miraflores, the upscale business district known for its gardens, parks and fountains, high-end shops, upscale restaurants and entertainment. “We are delighted to mark the entry of the Four Points by Sheraton brand into Peru, one of the most dynamic travel markets in Latin America,” said Osvaldo Librizzi, Co-President, Starwood Hotels & Resorts, Americas.

NEWS | Starwood Hotels & Resorts Debuts Four Points by Sheraton Brand in Lima

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announces the debut of the Four Points by Sheraton brand in Peru with the new Four Points by Sheraton Miraflores owned by Top Rank Group LLC and managed by Interamerican Promo Hotels. The 134-room hotel is located in the heart of Miraflores, the upscale business district known for its gardens, parks and fountains, high-end shops, upscale restaurants and entertainment.

NEWS | Starwood Hotels & Resorts expands presence in Saudi Arabia

Starwood Hotels & Resorts Worldwide has signed an agreement with Jabal Omar Development Company to open three new hotels in the Holy City of Makkah. As part of the Jabal Omar Development project, Starwood will add 1,496 rooms to the city under the company’s Sheraton, Westin and Four Points by Sheraton brands when the hotels open in 2015. 

NEWS | Starwood Hotels & Resorts Expands Presence in Saudi Arabia with Three New Hotels in Makkah

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) has signed an agreement with Jabal Omar Development Company to open three new hotels in the Holy City of Makkah. As part of the Jabal Omar Development project, Starwood will add 1,496 rooms to the city under the company's Sheraton®, Westin® and Four Points® by Sheraton brands when the hotels open in 2015. Starwood currently operates 10 properties in Saudi Arabia, the second largest market for the company in the Middle East behind the UAE.

NEWS | Starwood Hotels & Resort’s Sizzling Aloft Brand Debuts in Cancun

Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) and Promotora TIIM today announced that Starwood’s Aloft® brand made its debut in Cancun, Mexico. Aloft Cancun is ideally located in the Hotel Zone, adjacent to Cancun Center, the city’s convention and exhibition center, and walking distance from dining, shopping and nightlife. Aloft provides travelers with high style, forward-thinking technology and a vibrant social atmosphere. Pioneering initiatives in music, design, and technology have positioned Aloft as a must-have brand for the next generation of travelers.

NEWS | Largest High-End Hotel Operator to Open 20 Hotels in 2013

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) said today the company will open 20 new hotels in China in 2013. Having doubled its footprint here in the last three years, Starwood has 120 hotels open and more than 100 in the pipeline, making China the company's second largest hotel market behind only the United States, and its fastest growing. Starwood President and CEO Frits van Paasschen who is in China this week participating in the Fortune Global Forum in Chengdu said the company will open one new hotel every 20 days here and that 70 percent of its pipeline of new hotels under construction and in development are in second and third tier cities.

NEWS | Largest High-End Hotel Operator to Open 20 Hotels in 2013

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) said today the company will open 20 new hotels in China in 2013. Having doubled its footprint here in the last three years, Starwood has 120 hotels open and more than 100 in the pipeline, making China the company's second largest hotel market behind only the United States, and its fastest growing. Starwood President and CEO Frits van Paasschen who is in China this week participating in the Fortune Global Forum in Chengdu said the company will open one new hotel every 20 days here and that 70 percent of its pipeline of new hotels under construction and in development are in second and third tier cities.

NEWS | The Luxury Collection Hotels & Resort to debut in Lebanon

 

Starwood Hotels & Resorts Worldwide has announced that the Grand Hills Hotel & Spa in Broumana – an upscale mountain resort town near Beirut, Lebanon – will join its iconic Luxury Collection portfolio. Owned by Mouawad Village Broumana Sal., Grand Hills, a Luxury Collection Resort will mark the brand’s entry into Lebanon when it opens in early 2015 following a complete renovation. The milestone opening will reinforce The Luxury Collection’s global growth as the brand remains on track to surpass 100 hotels by the end of 2016.

NEWS | Starwood opens two hotels in Ahmedabad; to focus on Tier II, III cities

 Starwood Hotels & Resorts Worldwide, Inc. on Tuesday announced the opening of two hotels in Ahmedabad, simultaneously, under different brands, and said the multinational hospitality major is looking at Tier II and III towns and cities across India for expansion. While its new 5-Star hotel, Aloft, is Starwood’s fifth in India under this brand, the other one, Four Points By Sheraton, is a conversion from an existing hotel and will be the Group’s first one to be managed under this brand in India, said Brian McGuinness, Senior Vice-President, Specialty Select Brands, Starwood.