Starwood Hotels & Resorts Worldwide Inc. plans to open more than 60 hotels in Europe by 2020, increasing its locations by almost 40 percent, as the U.S. company taps growth in countries including Turkey and Russia.
Starwood Hotels & Resorts Worldwide Inc. and Expedia Inc. among other hotel and Internet travel agencies won dismissal of an antitrust lawsuit after a judge found consumers hadn’t showed the companies conspired to fix room prices.
Barry Sternlicht, chairman and chief executive officer of Starwood Capital Group LLC, has spoken to banks as he prepares to sell shares of the property-investment firm to investors, a person familiar with the matter said.
Starwood Hotels & Resorts Worldwide Inc., owner of the Sheraton and W brands, said fourth-quarter earnings declined as sales at its St. Regis Bal Harbour Resort in Florida weren’t repeated and hotel revenue fell.
Expedia Inc. and Starwood Hotels & Resorts Worldwide Inc. asked a federal judge to dismiss a lawsuit in which they are accused of conspiring with other travel websites and hotel operators to fix prices for rooms.
Caesars Entertainment Corp. and Starwood Hotels & Resorts Worldwide Inc. are jointly promoting their customer loyalty programs, offering guests an incentive to spend more on rooms, shows and meals with both companies.