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Starwood
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. Starwood had 11 brands and owned, managed, or franchised 1,297 properties comprising 370,000 hotel rooms in approximately 100 countries. 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. The company had a business partnership with American Express and a loyalty program. History Starwood Hotels and Resorts was originally formed by the real estate investment firm Starwood Capital to take advantage of a tax break; at the time the company was known as Starwood Lodging. Initially, Starwood Lodging owned a number of hotels throughout North America, all under different brand names. The Westin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Starwood Hotels
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. Starwood had 11 brands and owned, managed, or franchised 1,297 properties comprising 370,000 hotel rooms in approximately 100 countries. 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. The company had a business partnership with American Express and a loyalty program. History Starwood Hotels and Resorts was originally formed by the real estate investment firm Starwood Capital to take advantage of a tax break; at the time the company was known as Starwood Lodging. Initially, Starwood Lodging owned a number of hotels throughout North America, all under different brand names. The Westin H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Starwood Capital Group
Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners. History In 1991, at the age of 31, Sternlicht launched the firm to buy apartment buildings that were being sold by the Resolution Trust Corporation, created by the federal government to hold and liquidate the real estate assets owned by failed banks after the savings and loan crisis. Sternlicht raised $20 million from the families of William Bernard Ziff Jr. and Carter Burden of New York to fund these purchases. In 1993, the company contributed the apartment portfolio to Sam Zell's Equity Residential in exchange for a 20% stake in the company. In 1994, in partnership with Goldman Sachs, the company purchased Westin Hotels & Resorts in a $561 million transaction. In January 1995, Starwood purchased Hotel Investors Trust, an almost-bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marriott International
Marriott International, Inc. is an American multinational corporation, multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by J. Willard Marriott and his wife Alice Marriott. Profile Marriott is the largest hotel chain in the world by the number of available rooms. It has 30 brands with 8,000 properties containing 1,423,044 rooms in 131 countries and territories. Of these 8,000 properties, 2,149 are operated by Marriott, and 5,493 are operated by others pursuant to franchise agreements. The company also operates 20 hotel reservation centers. Marriott International, Inc. was formed in 1993 when Marriott Corporation split into two companies: Marriott International, Inc., which franchises and manages properties, and Host Marriott Corporation (now Host Hotels & Resorts), which owns properties. Since the founders were Mormon missionaries, c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barry Sternlicht
Barry Stuart Sternlicht (born November 27, 1960) is an American billionaire and the co-founder (with Bob Faith), chairman, and CEO of Starwood Capital Group, an investment fund with over $60 billion in assets under management. He is also chairman of Starwood Property Trust. He is the co-founder of Starwood and served as its CEO from 1995 to 2005. As of January 2022, his net worth was estimated at $4.3 billion. Sternlicht is on the board of directors of the Estée Lauder Companies Baccarat Crystal, Robin Hood Foundation Dreamland Community Theatre, the Juvenile Diabetes Research Foundation’s National Leadership Advocacy Program, and the Business Committee for the Arts. He previously serves on the boards of directors of the Pension Real Estate Association and the Real Estate Roundtable, and is a past trustee of his alma mater, Brown University. Sternlicht's style has been described as "intense and impetuous." Early life Sternlicht was born in New York City in 1960 and grew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheraton Hotels And Resorts
Sheraton Hotels and Resorts is an international semi-luxury hotel chain owned by Marriott International. As of June 30, 2020, Sheraton operates 446 hotels with 155,617 rooms globally, including locations in North America, Africa, Asia Pacific, Central and South America, Europe, the Middle East and the Caribbean, in addition to 84 hotels with 23,092 rooms in the pipeline. History Early years The origins of Sheraton Hotels date to 1933, when Harvard classmates Ernest Henderson and Robert Moore purchased the Continental Hotel in Cambridge, Massachusetts. In 1937, Henderson and Moore purchased the Standard Investing Corporation and the International Equities Corporation, combining them into the Standard Equities Corporation, the company through which they would run their hotels. Also in 1937, they purchased their second hotel, and the first as part of the new company, the Stonehaven Hotel in Springfield, Massachusetts, a converted apartment building. Sheraton dates its founding to tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frits Van Paasschen
Frits D. van Paasschen (born 1961, The Netherlands) is the former chief executive officer of Starwood and formerly an executive with Coors Brewing Company. Education Van Paasschen holds a Bachelor of Arts Degree in Economics and Biology from Amherst College in Massachusetts and MBA from Harvard Business School. Career Van Paasschen served as the President and Chief Executive Officer of Starwood from September 2007 until February 2015. He served as President and Chief Executive Officer of Coors Brewing Company from March 29, 2005 to August 31, 2007. Previously, he served as Corporate Vice President and General Manager of Europe, Middle East and Africa of Nike Inc. from 2000 to 2004. van Paasschen served as vice president and general manager of Canada, Latin America and Africa of Nike Inc. from 1998 to 2000 and served as its Vice President of Global Strategic Planning from 1998. Earlier in his career, and beginning in 1983, he served in various management positions with Boston Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westin Hotel
Westin Hotels & Resorts is an American upscale hotel chain owned by Marriott International. , the Westin Brand has 226 properties with 82,608 rooms in multiple countries in addition to 58 hotels with 15,741 rooms in the pipeline. History Western Hotels In 1930, Severt W. Thurston and Frank Dupar of Seattle, Washington met unexpectedly during breakfast at the coffee shop of the Commercial Hotel in Yakima, Washington. The competing hotel owners decided to form a management company to handle all their properties, and help deal with the crippling effects of the ongoing Great Depression. The men invited Peter and Adolph Schmidt, who operated five hotels in the Puget Sound area, to join them, and together they established Western Hotels. The chain consisted of 17 properties – 16 in Washington (state), Washington and one in Boise, Idaho. Its headquarters and executive offices were located in its flagship property, the New Washington Hotel in Seattle. Western Hotels expanded to Vanco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITT Corporation
ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses include Industrial Process, Motion Technologies, and Connect and Control Technologies. ITT has approximately 10,000 employees in more than 35 countries and serves customers in well over 100 countries. The company's long-standing brands include Goulds Pumps, Cannon connectors, KONI shock absorbers and Enidine energy absorption components. The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986. In 1995, the company sold off its hospitality portfolio, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Le Méridien
Le Méridien is an upscale, design-focused international hotel brand with a European perspective. It was originally founded by Air France in 1972 and was later based in the United Kingdom. Marriott International now owns the chain. As of June 2021, it had a portfolio of 109 open hotels with 29,439 rooms and a pipeline of 37 hotels with 9,585 upcoming rooms. History Air France established Meridien Hotels in 1972. The chain's hotels offered accommodation for Air France flight crews in major hub cities, and the airline promoted the chain and handled reservations for it. The first Meridien Hotels property was a 1,000-room hotel in the heart of Paris, the Hotel Meridien Paris, today known as Le Méridien Etoile. The chain grew to 10 hotels in Europe and Africa within two years and had 21 hotels spanning the globe within six years. In 1994, as part of a cost-cutting measure, Air France sold its controlling interest in Meridien Hotels Inc., a 57.3% stake, to the UK-based Forte Group ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Four Points By Sheraton
Four Points by Sheraton is a multinational hotel brand operated by Marriott International that targets business travelers and small conventions. As of June 30, 2020, Marriott operated 291 properties worldwide under the Four Points by Sheraton brand, with 53,054 rooms. In addition, Marriott had 130 planned hotels with 27,342 additional rooms. History In April 1995, ITT Sheraton introduced the Four Points by Sheraton brand, to replace the designation of certain hotels as Sheraton Inns. During the early 2000s, this mid-scale, moderate-rate, full-service hotel brand operated around 135 properties, across about 15 countries, but primarily in the US. In 1998, Starwood acquired ITT Sheraton. In 2000, Starwood relaunched Four Points by Sheraton as a premier upscale hotel chain for business and leisure travelers. The hotels initiated a Best Brews program that offers an opportunity to sample local craft beers. In September 2016, Marriott acquired the Four Points by Sheraton brand as par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stamford, Connecticut
Stamford () is a city in the U.S. state of Connecticut, outside of Manhattan. It is Connecticut's second-most populous city, behind Bridgeport. With a population of 135,470, Stamford passed Hartford and New Haven in population as of the 2020 census. It is in the Bridgeport-Stamford-Norwalk-Danbury metropolitan statistical area, which is part of the New York City metropolitan area (specifically, the New York–Newark, NY–NJ–CT–PA Combined Statistical Area). As of 2019, Stamford is home to nine Fortune 500 companies and numerous divisions of large corporations. This gives it the largest financial district in the New York metropolitan region outside New York City and one of the nation's largest concentrations of corporations. Dominant sectors of Stamford's economy include financial services, tourism, information technology, healthcare, telecommunications, transportation, and retail. Its metropolitan division is home to colleges and universities including UConn Stamford ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Travel
Business travel is travel undertaken for work or business purposes, as opposed to other types of travel, such as for leisure purposes or regularly commuting between one's home and workplace. According to a survey, 88% small business owners enjoy business travel. Jobs involving business travel In the twenty-first century, many jobs involve periodic or frequent business travel. Common careers involving business travel include: * Salespeople * Sales engineers * Executives * Field engineers * Project managers * Trainers * Consultants Additionally, it is common to see doctors, nurses, and other medical professionals flying for work. Often lawyers, politicians, athletes, clergy, military, academics, and journalists conduct business travel on a regular basis. Negatives to business travel Employees who travel for work on a regular basis often experience loneliness, depression, and reduced mental health. In 2019, 1 in 5 business travelers reported business travel negatively affect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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