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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]
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The Element contains 460 rooms, while The W contains 295 rooms, totaling 755 rooms. [3] Near the top of the tower, there is a large LED W sign that lights up at night, as well as various vertical lights and stepped terraces. [4] The building has a 7-story limestone base, with each hotel entrance having a different design, made up of various ...
In January 1995, Sternlicht purchased Hotel Investors Trust, an almost-bankrupt real estate investment trust, [16] and took over as CEO. [3] In 1997, Sternlicht's company acquired Sheraton Hotels and Resorts in a $13.3 billion transaction, topping a bid by Hilton Worldwide. [20] Sternlicht's innovations included W Hotels and the Westin Heavenly ...
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