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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 Hotel Company was purchased in 1994
from Aoki Corporation of Japan. Starwood acquired the Sheraton, Four Points
by Sheraton, and The Luxury Collection brands from ITT Sheraton in 1998.
In 1999, Starwood launched their "W" Hotels brand. In September 2005,
Starwood announced the launch of Aloft, a new hotel brand based on W. Aloft
Hotels catered toward business travelers. In 2005, Starwood purchased the
Le Mridien brand
In 2004, Starwood's founder and CEO Barry Sternlicht stepped down as CEO
to focus his attention on his other firm, Starwood Capital. He remained on the
Board of Directors until 2005. He was succeeded as CEO by Steven J. Heyer,
and Starwood began selling a number of its company-owned hotels, instead
focusing on becoming a management company and franchiser for its current
and future hotel brands. In April 2007, Steven J. Heyer left the company on
the request of the Board of Directors because of an issue with Heyer's
management style and after allegations of personal misconduct. Chairman of
Westin
Sheraton
Four Points by Sheraton
The Luxury Collection
W Hotels
St. Regis
Le Mridien
Aloft, a vision of W
hotels
Element by Westin
The Luxury Collection brand began when ITT Sheraton purchased a controlling
interest in CIGA (Compagnia Italiana Grandi Alberghi, or Italian Grand Hotels
Company), an Italian hotel chain, in 1994. Those hotels, as well as a number of
top-tier Sheraton Hotels, were then marketed as ITT Sheraton Luxury Hotels.
After Starwood bought Sheraton, they established a separate brand identity for
The Luxury Collection and expanded it.
Confusingly, a few hotels in The Luxury Collection which were originally part of
the ITT Sheraton Luxury group kept their Sheraton name when the Luxury
division was spun off as a completely separate brand under Starwood. There
are five such hotels remaining today, operating with the name Sheraton, but
not technically part of Sheraton. Those hotels are Sheraton Addis (Addis Ababa,
Ethiopia), Sheraton Grande Sukhumvit (Bangkok, Thailand), Sheraton Sofia
Hotel Balkan (Sofia, Bulgaria), Sheraton Algarve Hotel (Albufeira, Portugal) and
Sheraton Kuwait Hotel & Towers (Kuwait City, Kuwait).
A part of the Collection, the Royal Penthouse Suite, at Hotel President Wilson in
Geneva, billed at US$65,000 per night, is listed at number 1 on World's 15 most
expensive hotel suites complied by CNN Go in 2012.
Aloft is a mid-scale, urban-style business / boutique hotel brand. The brand was
launched in 2005, in a relationship with W similar to Four Points by Sheraton and
its 'brand parent', Sheraton. It has been criticized for being too slick and
formulaic
he brand is most notable for its modern architecture design style, with unique
technical aspects and an atmosphere that encourages socialization. Another
characteristic of Aloft hotels is the naming of basic hotel amenities. For
example, in each hotel, the swimming pool is referred to as "splash". The staff of
Aloft Hotels use the same lingo, and may greet guests by saying Aloha!
The early success of these modern hotel creations influenced other hotel chains.
The InterContinental Hotels Group and Hyatt created similar concepts, Hotel
Indigo and Hyatt Place, respectively, around the same time that Aloft Hotels
were being developed. Hotel Indigo was actually the first of these boutique hotel
brands, with its first hotel opening in Atlanta in 2004.
To generate interest in the brand before its 2008 opening, Starwood launched a
virtual tour of the hotels using Second Life, whose site allows visitors to move
through a typical Aloft Hotel and explore its aspects in detail. Starwood
monitored statistics from the site, gauged public reception based upon visitors'
opinions, and incorporated this information into the design of future Aloft Hotels.
Promises
At Starwood we call our shared values promises. These
promises guide our everyday actions and ensure a common
understanding of what we can expect from one another.
Starwoods values are:
Go the Extra Stepby taking actions that build lasting connections
and loyalty
Play as a Teamby working globally and across all teams in the
company
Do the Right Thingby using good judgment, respecting our
communities, associates, owners, partners and the environment
Starwood Properties in
India
THE WESTIN PUNE KOREGAON PARK