The iconic hotel has been open since 1910 and is part of the Starwood Luxury Collection.
Sternlicht also has a nifty side-business, called Starwood Capital, that advises real estate investors, including Sternlicht himself.
Sternlicht also has a nifty side business, called Starwood Capital, that advises real estate investors, including Sternlicht himself.
That order is on hold--as are ones by Harrah's Casino, Starwood Hotels and IGT video-game stores.
Topping the bad news, Starwood's 4% growth in revenues per room is falling short of expectations.
As part of the sales agreement, Starwood has agreed to rebuild the library below the hotel.
That makes companies such as Capital Trust and Starwood Property more vulnerable should real-estate values fall.
Initially he thought a hip hotel-casino along the lines of Starwood's W would work.
Participating Starwood hotels will add congee, rice, noodles and other common Chinese staples to restaurant menus.
Regis, the Starwood Hotels brand, demanded an expansion of the resort's manor house, slowing development further.
Indeed Bass and Starwood recently held extensive merger talks, which broke down over price.
Federal authorities are investigating Starwood's claims that Hilton used confidential information smuggled out by former employees.
In February, marshals seized a Starwood Gulfstream G-1159A in Tucson, Arizona, that lawsuit said.
In another court action, Starwood distances itself from Esquino and denies he is the owner.
Two years ago, Starwood executives did the same thing in Shanghai, where the company is also expanding.
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Hilton has had a franchise in Ethiopia since 1969, while Starwood Hotels and Resorts Worldwide Inc.
Apple, Mercedes-Benz and Starwood, in separate statements, each said that China will soon become its biggest market.
With such a cloud over its corporate future, Starwood converted the REIT portion of its business into a taxable corporation.
He then helped oversee Starwood's time-share division and the hotels that Starwood owned until he left in 2008.
Perhaps the most groundbreaking airport hotel concept to recently make waves is Starwood Hotels and Resorts' Aloft brand.
The lawsuits against Starwood focus on the man who signed the insurance paperwork on its behalf, Ed Nunez.
Sternlicht insists that he's committed to Starwood Hotels and points out that he has never sold a single share.
With this cloud over its corporate future, Starwood converted the REIT portion of its business into a taxable corporation.
"We're inventing a future, and it's not for the faint of heart, " says Starwood Hotels Chief Executive Steven J.
Starwood is entering a heavily populated Manhattan hotel market but one with limited high-end options, said some hotel analysts.
Few hotel companies beside Starwood's W chain have ever tried to turn a single boutique hotel into a minichain.
To get away from it all except the great outdoors groups can stay at Starwood Lakeside Terrace near Vail, Colo.
Its client list is a roll call of the biggest names in service and hospitality: McDonald's, Marriott, Starwood hotels.
Many hotel loyalty cards, such as InterContinental and Starwood, also allow you to donate points to charity.
The tougher challenge, however, is to develop a consistent brand image for Starwood, as the economic climate grows bleaker.
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