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Year-End Results Show Positive Industry Uptick

Year-End Results Show Positive Industry Uptick

End-of-the-year earnings statements released by major hotel companies show that the industry ended 2013 on a positive note, with gains in RevPAR, occupancy, and ADR. Although some companies saw a drop in fourth-quarter revenues, year-end results for the majority remained ...

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Starwood’s Osvaldo V. Librizzi Retires

Starwood’s Osvaldo V. Librizzi Retires

STAMFORD, Conn—Starwood Hotels and Resorts Worldwide announced that longtime leader, Osvaldo V. Librizzi, will step down from his current role as co-president of the Americas, at the end of the year and will serve as non-executive chairman until the end ...

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Starwood to Debut Westin Hotels in Egypt

Starwood to Debut Westin Hotels in Egypt

CAIRO—Starwood Hotels and Resorts Worldwide announced that it will soon introduce the Westin brand to Egypt with the opening of The Westin Cairo Golf Resort and Spa Katameya Dunes early next year. Owned by New Cairo for Real Estate Investment ...

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Starwood Brings the Luxury Collection Brand to South Korea

Starwood Brings the Luxury Collection Brand to South Korea

NEW YORK—Starwood Hotels and Resorts and Parnas Hotel Co. announced the signing agreement of The Parnas, A Luxury Collection Hotel, Seoul. Located in the city’s upscale southern district of Gangnam, the hotel’s debut will mark the first Luxury Collection hotel ...

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