Starwood Hotels & Resorts Board of Directors Determines Revised Proposal from Consortium Consisting of Anbang Insurance Group, J.C. Flowers and Primavera Capital is Reasonably Likely to Lead to a “Superior Proposal”

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) (“Starwood”) today announced that its Board of Directors, in consultation with its legal and financial advisors, determined that a revised, non-binding proposal from a consortium consisting of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited (the “Consortium”) is reasonably likely to lead to a “Superior Proposal” as defined…

Starwood Hotels and Resorts Announces Groundbreaking Expansion to Cuba

Becomes First Hospitality Company to Obtain U.S. Treasury Department Authorization to Operate In Cuba Signs Two Agreements and Letter of Intent to Open Hotels in Havana in 2016 Starwood Hotels & Resorts Worldwide, Inc. (“Starwood”) (NYSE:HOT) today signed three new hotel deals in Cuba, marking the first U.S. based hospitality company to enter the market in nearly 60 years. This announcement follows receipt…

Starwood Hotels & Resorts’ Eco-Savvy Element Brand Accelerates Growth in Texas with Adaptive Re-Use Project in Dallas

Element Dallas East will Deliver Smart, Sustainable Lodging just Across from the Baylor Medical Center Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced it will expand its portfolio of Element Hotels in Texas with an adaptive re-use project in Dallas. Set to open in July 2018, Element Dallas East is one of six new Element hotels opening in Texas in the next…

The Gap Year Grows Up: Aloft Hotels Joins the Rising ‘Time Out’ Travel Movement That’s Spanning Generations

With 100+ Hotels around the World, Aloft to Help Hyper-Connected Global Travelers Get the Most Out of Their Gap Year Travels, Whenever and Wherever the Journey Occurs. Starwood’s Leading-Edge Brand Embarks upon Cross-Country Tour with Gap Year Author Andrea Wien; Launches Exclusive Gap Year Rates for Explorers of All Ages. Taking a cross-country or cross-continent…

Marriott, Starwood Eye ‘Green Light’ for Expansion into Cuba

There are few destinations where major hotel chains like Marriott International and Starwood Hotels & Resorts Worldwide have yet to make their presence felt. But Cuba is one of them. The Wall Street Journal reported last week that the two companies are working to complete deals that would allow them to begin doing business in the Caribbean island nation,…

Four Points Grows Canadian Portfolio with Regina Debut

POINT 1: Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that its fast-growing Four Points brand has expanded its Canadian footprint with the opening of Four Points Regina, the brand’s second location in Saskatchewan. Owned and managed by VJ Management, the newly constructed Four Points caters to the modern traveler with an emphasis on approachable design and…

Tribute Portfolio™ Debuts with Deux in Paris

Starwood’s Newest Independent Brand Expands Footprint in Europe with the Addition of Le Metropolitan and Le Dokhan’s Tribute Portfolio, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced its indie arrival in France with the addition of two Parisian properties, Le Metropolitan and Le Dokhan’s. Located close together in the 16th Arrondissement of Paris, the properties mark yet another entry into…

With Starwood Preferred Guest and Major League Baseball, It’s a Whole New Ballgame

SPG Delivers Once-in-a-Lifetime Baseball Experiences; Launches SPG Interactive Game for Baseball Fans Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that Starwood Preferred Guest and Major League Baseball® today revealed an exciting lineup of once-in-a-lifetime experiences and rewards that will give SPG baseball fans exclusive access to America’s favorite pastime. Starting now, members can redeem…