Starwood Hotels

493 reviews

About Starwood Hotels

Starwood Hotels & Resorts Worldwide knows how to shine a light on hospitality. One of the world's largest hotel companies, it has more than 1,000 properties in about 100 countries. Starwood's hotel empire consists of upscale brands such as Sheraton and Westin. It operates about 100 luxury resorts and hotels through its St. Regis and Luxury Collection units, while its 40 W Hotels offer ultra-modern style. Other brands include Four Points (value-oriented), Le Méridien (European-inspired), Aloft (select-service), and Element (extended stay). Starwood Vacation Ownership operates about 15 time-share resorts. Notable Starwood hotels include the St. Regis in New York and the Hotel Gritti Palace in Venice.

Financials

While the US economy continues to show signs of a recovery, business travel is on the rise. As a result, the company posted gains in revenue and net income in 2011 in response to a steady return in demand for hotel rooms. Starwood's revenue per available room, a key indicator of business performance in the hotel industry, increased by 7.4% in 2011 compared to 2010. The company also received an income tax benefit of approximately $92 million in 2011, primarily as a result of the favorable settlement of an IRS audit and tax benefits associated with asset sales.

Strategy

Starwood's strategy involves a reduction of its investment in owned real estate and an increased focus on its management and franchise operations, a business model that is associated with lower costs. Since 2006, Starwood has sold 65 hotels for approximately $5.6 billion. Today, the company owns, leases, or has a majority stake in about 60 properties. Some 500 of Starwood's hotels are owned and operated by franchisees, while another 515 are managed on behalf of third parties or owned through joint ventures.

Development efforts include the newly constructed St. Regis Bal Harbour Resort, the first luxury hotel to open in Miami in 2012. The Bal Harbour property also includes private residences for sale; in the fourth quarter of 2011 Bal Harbour closed on the sale of 36 units.

Geographic Reach

For international expansion, Starwood is focused on Asia, which it sees as a key emerging market. About 60% of its development pipeline consists of new properties in Asia/Pacific, and 44% represents new growth in China specifically.

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Reviews

Overall

3.8
Based on 493 reviews
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Culture
Great work place great cultural diversity.
Security Officer, Arlington,Va. - May 25, 2015
They are under new management and my former supervisor stated it turned out for the worst and they decreased staff pay all around. I wouldn't return.

Salaries

Jobs in Atlanta, GA

  • Telephone Operator

    Atlanta, GA
    Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the...
  • Telephone Operator

    Atlanta, GA
    Starwood Hotels is a fully. Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier....
  • Atlanta Recruitment Center Human Resources Coordinator

    Atlanta, GA
    Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the...
Claimed Profile
Headquarters
One Starpoint
Stamford CT, United States 06902
Revenue
$5B to $10B (USD)
Employees
10,000+
Industry
Links
Starwood Hotels website