| Business Summary | | Starwood
Hotels
&
Resorts
Worldwide,
Inc.
is
one
of
the
world's
largest
hotel
and
leisure
companies.
The
Company
conducts
its
hotel
and
leisure
business
both
directly
and
through
its
subsidiaries.
The
Company's
brand
names
include
Sheraton,
Westin,
The
Luxury
Collection,
St.
Regis,
W
and
Four
Points
by
Sheraton.
Through
these
brands,
Starwood
is
well
represented
in
most
major
markets
around
the
world.
The
Company's
revenue
and
earnings
are
derived
primarily
from
hotel
and
leisure
operations,
which
include
the
operation
of
its
owned
hotels;
management
fees
earned
from
hotels
the
Company
manages
pursuant
to
long-term
management
contracts;
the
receipt
of
franchise
fees;
and
the
development,
ownership
and
operation
of
vacation
ownership
resorts,
marketing
and
selling
vacation
ownership
interests
(VOIs)
in
the
resorts
and
providing
financing
to
customers
who
purchase
such
interests. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Starwood
Hotels
and
Resorts
is
one
of
the
largest
hotel
and
leisure
companies
in
the
world.
For
the
six
months
ended
6/30/01,
revenues
fell
1%
to
$2.12
billion.
Net
income
applicable
to
Common
from
continuing
operations
and
before
extraordinary
items
increased
6%
to
$175
million.
Results
reflect
decreased
revenues
per
available
room
resulting
from
lower
occupancy
and
industry-wide
reduction
in
demand,
offset
by
lower
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Barry Sternlicht, 40 Chairman
and CEO | $5.7M | Robert Cotter, 49 COO | 1.8M | Ronald Brown, 46 Exec.
VP and CFO | 1.1M | Edward Siegel, 45 Exec.
VP, Gen. Counsel | -- | David Norton, 45 Exec.
VP of Human Resource | 844K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|