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Former Starwood logo. 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. [8] Initially, Starwood Lodging owned a number of hotels throughout North America, all under different brand names.
In 1904, John Jacob Astor built the St. Regis New York as a sister property to his part-owned Waldorf-Astoria Hotel. Exhibiting luxury and technological advance, each room had its own telephone. Ownership changes, a new wing, and restorations occurred over the following decades. In 1966, Sheraton Hotels purchased the property. [2]
W Hotels was launched in 1998 with W New York, a conversion of the former Doral Inn hotel on Lexington Avenue, Manhattan. [2] [3] Barry Sternlicht, then CEO of Starwood Hotels and Resorts Hotels 1995–2005, created the brand. [4] The concept included dark, muted colors, brushed metal, hotel staff in black T-shirts, photographs, and a bar. [5]
The hotel chain just went from huge to giant after completing the yearlong 12.2 billion dollar purchase of Starwood Hotels. EXPLORE MORE: Most food chains are failing this crucial test.
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Between 2013 and 2014, Starwood also acquired three British hospitality groups: De Vere Group for £ 232 million, [18] Four-Pillars Hotels for £ 90 million, [19] and Principal Hayley Group for £ 360 million. [20] In February 2014, Starwood Property Trust spun off Starwood Waypoint Residential Trust, a single-family rental real estate ...
455 North Park Drive or Loews Hotel Tower, also known as Loews North Park Drive, is a 54-story 569 ft (173.4 m) tall skyscraper located at 455 North Park Drive in Chicago, Illinois that is owned by Loews Hotels. The 52-floor building has 86,121 m 2 (927,000 sq ft) of floor space. It has 400 hotel rooms, 398 rental apartments, and assorted ...