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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 Méridien brand. [10] [11] 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 ...
Vistana Signature Experiences (formerly Starwood Vacation Ownership) Orlando, Florida: United States, Mexico, Caribbean 22 [9] Exploria Resorts Orlando, Florida: United States 10 85,000 [10] Westgate Resorts: Orlando, Florida: United States 28 [11] 13,500 [11] Shell Vacation Club Orlando, Florida: United States, Canada, Mexico 25 [12] 86,000 ...
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Sheraton Hotels and Resorts is an American international 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.
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 $100 billion in assets under management. [2] He is also chairman of Starwood Property Trust. [3]
Marriott Vacations Worldwide Corporation [2] is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. [3]
In 1994, Aoki agreed to sell Westin to real estate investment firm Starwood Capital Group (parent of Starwood) and Goldman Sachs at an enormous loss, for $561 million, but by the time the sale closed in May 1995, the buyers had negotiated the price down to $537 million. [18] In 1998, Starwood assumed full ownership of the company. [3]
Originally, Marriott Vacation Club properties were sold as weeks. A "fixed week" granted the owner the right to use their villa during a specific week each year (such as week 52, which includes New Year's Eve), or the right to use their villa during a specific "season" (defined on a per-resort basis), which granted the owner the right to reserve their villa for any available week within that ...