Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), founded in 1969, is headquartered in Stamford, Connecticut, USA, with 180,400 employees worldwide. It is one of the world’s largest hotel groups, including nine Hotel brand, as of May 11, 2015, Starwood has more than 1,200 hotels and resorts in more than 100 countries around the world.
On September 23, 2016, Marriott International’s acquisition of Starwood was finally approved by the US authorities, and Starwood stock NYSE:HOT was delisted.
Starwood Hotels (HOT):
Starwood Group was established in 1969, reorganized into a group company in 1980, and renamed as its current name in 1998. It is currently one of the world’s largest hotel, entertainment and leisure groups and is known for its high-end luxury hotels. In addition to the following nine major hotel brands, the group also owns Starwood Vacation Home Ownership Co., Ltd., its villa-style resort hotels and the VIP privileges of Starwood brands create a world-class vacation experience.
Starwood Hotels (HOT) nine major hotel brands:
- Sheraton-Starwood’s largest brand, became the first international hotel chain brand to enter China in 1985.
- Four Points-featuring simplicity and comfort, providing mid-priced hotels.
- Aloft-Founded in 2005.
- Westin-Starwood’s oldest hotel brand, with 200 high-end hotels.
- W Hotels-Founded in 2005.
- Element-Founded in 2006, it provides apartment-style hotels.
- St. Regis (St. Regis, or translated as St. Regis)-There are 49 hotels and resorts, is the symbol of the most high-end hotel, representing the absolute private high-level service, a long history (the first St. Regis hotel is 1904 Established in New York by Colonel Astor).
- The Luxury Collection-75 luxury hotels and resorts in 25 countries around the world.
- Le Meridien (Le Meridien)-with a French background, more than 120 hotels are distributed in 50 countries around the world.
A brief history of Starwood Hotels (HOT) acquisition/merger:
- Before 1996, Starwood was named Starwood Loding Trust/Starwood Loding Corp.
- In 1996, Starwood had 100 hotels, 26,483 rooms, and annual revenue of 385.3 million US dollars.
- In 1998, Starwood acquired Westin Hotels & Resorts Worldwide (Westin Hotels & Resorts Worldwide, Inc) and several of its subsidiaries (including Westin and Westin United).
- In 1998, Starwood acquired the International Telephone and Telegraph Company (ITT Group).
- In 1998, the company changed its name to Sheraton Holding Corporation.
- In October 1999, Starwood acquired Vistana (Vistana) Co., Ltd. (renamed Starwood Vacation Ownership Co., Ltd.).
- In 2003, there were 738 hotels and 229247 rooms.
- In 2006, there were 845 hotels with 257,889 rooms. Ranked 316th in the 2006 “Top 500 World Brands” rankings.
- In May 2015, Starwood managed more than 1,200 hotels in 100 countries around the world.
- On November 16, 2015, the boards of directors of Starwood (HOT) and Marriott International (MAR) unanimously approved a definite merger agreement, and the company will create the world’s largest hotel group. Marriott will acquire Starwood for a total price of 12.2 billion U.S. dollars. The acquisition will be paid in the form of stock and cash, which is equivalent to the purchase price of 79.88 U.S. dollars per share. After the merger, the company will operate or franchise 1.1 million rooms in more than 5,500 hotels worldwide. The combined company’s revenue is estimated to reach US$2.7 billion within one year as of September 30, 2015.
- On March 15, 2016, China’s Anbang Insurance Group bid $12.8 billion in cash to bid for Starwood Hotels and Resorts with American hotel chain operator Marriott International (In 2015, Anbang had completed the acquisition of the Waldorf Astoria New York for $2 billion On the previous day (2016-3-14), it was also reported that Anbang purchased Strategic Hotels & Resorts Inc., a real estate investment trust company under Blackstone, for US$6.5 billion ), making the merger of Marriott and Starwood a variable. .
- On September 23, 2016, Marriott International’s acquisition of Starwood was finally approved by the US authorities, and Starwood stock NYSE:HOT was delisted.
Starwood Hotels (HOT) investment:
Starwood official website: Starwood company official website
Starwood American Stock Encyclopedia: American Stock Encyclopedia
In the same scene: the world’s top ten well-known hotel (management) groups
- One of the world’s top ten hotel groups: Choice Hotels International (CHH)
- One of the world’s ten largest hotel groups: Hyatt Hotels Corporation (H)
- One of the world’s ten largest hotel groups: Wyndham Hotels & Resorts(WH)
- One of the world’s top ten hotel groups: Hilton Worldwide (HLT)
- One of the world’s top ten hotel groups: InterContinental Hotels (IHG)
- One of the world’s top ten hotel groups: Marriott International (MAR)
- One of the world’s top ten hotel groups: Starwood Hotels (HOT)
- One of the world’s top ten hotel groups: Carlson Companies
- One of the world’s top ten hotel groups: AccorHotels
- One of the world’s top ten hotel groups: FRHI Hotels & Resorts (acquired by AccorHotels on December 11, 2015)