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Starwood Hotels & Resorts (NYSE:HOT) says it will grow its operating hotel footprint in Latin America by 50% over the next five years, expanding its presence in Brazil and opening its first W hotel in Colombia.The Stamford, Conn.-based operator of the St. Regis, W, Westin, Sheraton and Aloft hotel brands has opened 13 hotels in the region over the last two years, including the company's first all-inclusive hotel in Costa Rica.Other regions of focus have been Salvador, Brazil, Chile, Mexico and Panama, making Starwood the largest high-end hotel operator in the region with 72 hotels in 13 countries, a presence that has grown 36% since 2007.Starwood, which called the region the "world's fastest growing hotel and travel market," decided to expand its presence there after CEO Frits van Paasschen and his executive team visited Latin America last week."Macro-economic trends continue to reshape the Latin American travel and business landscape, creating strong growth in lodging demand and many ...
Starwood Hotels and Resorts (NYSE:HOT) swung to a profit in the third quarter and shattered Wall Street expectations, as revenue per available room continued to grow...
Starwood Hotels CEO Frits van Paasschen weighs in on the brand's redesign plan.
Starwood Hotels & Resorts CEO Frits van Paasschen on the state of the hotel business.
Starwood Hotels and Resorts CEO
Starwood Hotels & Resorts Worldwide Inc. (HOT) said it will increase its operating hotel footprint in Latin America by 50% during the next five years, stepping up it...
Starwood Hotels & Resorts Worldwide (NYSE:HOT) said Tuesday its first-quarter earnings surged 66% to surpass Wall Street expectations, as lower costs offset a declin...
Barclays PLC (BARC.LN) said Monday Frits van Paasschen and Michael Ashley have been appointed non-executive Directors with effect from Aug. 1 and Sept. 1 respectivel...
Starwood Hotels & Resorts Worldwide (NYSE:HOT) is moving key executives to Dubai for a one-month immersion period as it readies to expand into the critical Middle Ea...
Starwood Hotels & Resorts (NYSE:HOT) said it anticipates a strong year of openings and new hotel agreements in 2013, one year after completing the most hotel deals s...
Starwood Hotels & Resorts CEO Frits Van Paasschen weighs in on luxury and business travel
Starwood Hotels CEO Frits van Paasschen on the company’s expansion overseas.
