August 27, 2014 9:19 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Starwood Hotels & Resorts

Company Overview

Starwood Hotels & Resorts operates as an asset management arm of Starwood Hotels & Resorts Worldwide Inc. Starwood Hotels & Resorts operates as a real estate investment trust (REIT) in the United States. As of December 31, 2004, it owned equity interests in 73 hotels, all of which were leased to the Starwood Hotels & Resorts Worldwide, Inc. The trust has elected to be treated as a REIT for the federal income tax purposes and would not be subject to federal income tax, if it distributes at least 90% of its REIT taxable income to its stockholders. The trust was formed in 1969 and is based in White Plains, New York.

1111 Westchester Avenue

White Plains, NY 10604

United States

Founded in 1969

Phone:

914-640-8100

Key Executives for Starwood Hotels & Resorts

Chairman of Starwood Vacation Ownership Inc. and Chief Executive Officer of Starwood Vacation Ownership Inc
Age: 66
President of Real Estate Group
Age: 56
Principal Accounting Officer
Age: 47
Vice President
Age: 58
General Manager
Compensation as of Fiscal Year 2014.

Starwood Hotels & Resorts Key Developments

Mulpha Eyes Sheraton on the Park

Mulpha Australia Limited is on the hunt for further acquisitions. Mulpha is attempting to pick up Sydney's Sheraton on the Park which is being offloaded by Starwood Hotels & Resorts for a reported $450 million.

Hayman Island Eyes Sheraton On the Park

Hayman Island Resort is eyeing Sheraton On the Park, Pty. Ltd., which has been put up for sale by Starwood Hotels & Resorts. The price tag is reportedly $450 million. "We are always looking for the right opportunity but the price has to be right. It's still early days, but we are interested," he told The Australian.

Starwood Hotels To Sell Australian Assets

Starwood Hotels & Resorts is seeking to sell Sheraton On the Park, Pty. Ltd. and two Fijian hotels. Starwood told analysts that it would pursue real estate asset sales around the world. Starwood's Chief Financial Officer, Vasant Prabhu, said that there were more buyers seeking to deploy larger amounts of capital into hotel portfolios. Prabhu sai, "We think private equity is back. It had not been in the market before. Certainly, the sovereigns are back."

Similar Private Companies By Industry

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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