This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Starwood Hotels & Resorts Worldwide Presents Business Strategy, Key Initiatives And Outlook To Investors

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that President & CEO Frits van Paasschen, Vice Chairman & CFO Vasant Prabhu and other senior members of the Company's leadership are presenting Starwood's business strategy, key initiatives and three-year financial outlook during its Investor & Analyst Day held today in Dubai.

Frits van Paasschen, President & CEO, said, “Starwood's transformation over the last decade has delivered superior value to shareholders. Over the past five years, we have sustained innovation leadership while delivering excellent financial results. We have held the line on SG&A costs while significantly growing our global footprint. We have one of the fastest growing luxury hotel portfolios, the largest global upper-upscale (5 star) hotel platform and a sizable, high quality hotel pipeline. We have delivered substantial cash from continuing to execute our asset-light strategy, repositioning our vacation ownership business and from Bal Harbour unit sales. As a result, we have today our strongest balance sheet ever and have returned $1.7 billion to shareholders since 2008.”

“We are in a period of unprecedented growth in global travel, driven by the secular trends around the world of rising wealth, rapid urbanization and infrastructure development. As the leading global hotel company in high growth markets, and with a portfolio of coveted, high-end lifestyle brands, Starwood is well positioned to benefit disproportionately from these growth trends. Our brand-led approach, backed by the collective strength of our global platform, gives us an advantage that sets us apart from the competition and allows us to deliver unmatched value to our guests, corporate customers and hotel owners. With the growth from our high-quality global pipeline, the ability to drive rate in the low supply environments of North America and Europe, cash from vacation ownership and continued sales of owned hotels, we expect to generate strong free cash flow and continue to deliver market-leading returns to shareholders.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs