With its focus on luxury hotels brands like the St. Regis and Westin, Starwood Hotels has been especially hurt by the downturn. The third largest U.S. hotel operator recently cut its 2009 earnings estimate, and CEO Frits van Paasschen expects a slow recovery.
The fluctuations in the economy may change a lot of things, but one thing that remains the same is the desire to explore new places and experience new cultures.
A balmy breeze gently blows across the beach, with the warm, clear water of the Pacific Ocean just a few feet away. It's a place honeymooners and families go to get away from it all. But these days, things aren't so perfect in paradise.
After Fidel Castro announced that he was resigning the presidency of Cuba on Feb. 19, shares of OfficeMax rose 12%. The reason? It has a claim worth $2.5 billion dating back to when its property there was seized in the wake of the 1959 revolution. Similar claims made by nearly 6,000 companies are currently valued at $20 billion, and U.S. laws require all claims to be settled before trade can be normalized.
When you are next in the lobby of a Westin hotel in North America, take a deep breath. It may not hit you at first, but if you're careful you should detect a hint of geranium or a note of freesia.
Buyout firms haven't been the only ones benefiting from the rash of deals taking a host of big companies private - investors have also been cashing in on the takeover party.
How can hoteliers best serve the road warrior of 2025? What technology will future tourists expect in their Travelodge? Those are the questions that led Chicago-based design firm Gettys and the Hos...
With its focus on luxury hotels brands like the St. Regis and Westin, Starwood Hotels has been especially hurt by the downturn. The third largest U.S. hotel operator recently cut its 2009 earnings estimate, and CEO Frits van Paasschen expects a slow recovery.
The fluctuations in the economy may change a lot of things, but one thing that remains the same is the desire to explore new places and experience new cultures.
A balmy breeze gently blows across the beach, with the warm, clear water of the Pacific Ocean just a few feet away. It's a place honeymooners and families go to get away from it all. But these days, things aren't so perfect in paradise.
After Fidel Castro announced that he was resigning the presidency of Cuba on Feb. 19, shares of OfficeMax rose 12%. The reason? It has a claim worth $2.5 billion dating back to when its property there was seized in the wake of the 1959 revolution. Similar claims made by nearly 6,000 companies are currently valued at $20 billion, and U.S. laws require all claims to be settled before trade can be normalized.
When you are next in the lobby of a Westin hotel in North America, take a deep breath. It may not hit you at first, but if you're careful you should detect a hint of geranium or a note of freesia.
Buyout firms haven't been the only ones benefiting from the rash of deals taking a host of big companies private - investors have also been cashing in on the takeover party.
How can hoteliers best serve the road warrior of 2025? What technology will future tourists expect in their Travelodge? Those are the questions that led Chicago-based design firm Gettys and the Hos...
A lot of my Stanford MBA students seem to want, above all, to be liked by their peers. They avoid arguing too vigorously with one another in class and tell me their goal is to build a network of supportive friends. They seem convinced that they'll have great careers if only they can develop reputations for getting along. In a class called "The Paths to Power," I try to disabuse them of that simplistic notion. And one way I do it is by introducing them to Keith Ferrazzi.
In a continuing effort to save money, hotel chains are changing sheets for their customers less frequently, sometimes only weekly, according to a published report Tuesday.
For executive travelers the hotel room is more than just a place to sleep at night; these days it is also a work zone where the businessperson can get connected to the office.
In the long history of AT&T and its progeny, the Baby Bells, no proxy resolution opposed by management had ever been approved by shareholders. But this spring retired workers from Verizon led an in...
The $87 million debut of Men In Black II attests to Will Smith's box office prowess. But his real estate venture, called Treyball Development--named for his son Trey and run by his brother Harry--h...
No, we're not talking balance sheets. According to a new study by Starwood Hotels, "From the Boardroom to the Back Nine," ethics on the links have run amuck; 82% of executives surveyed admitted to ...
From Robert Steers' midtown Manhattan office, you get a skyscraper's-eye view of the city. The streets fan out all the way south to the Brooklyn Bridge and east to the shimmery gray of the East Riv...
After the World Trade Center and Pentagon attacks, investors bolted from cruise lines, hotels and other tourism stocks, convinced that consumers wouldn't be traveling far from home anytime soon. Bu...
Value managers are often the market's harshest critics, carping about outrageous prices and unjustifiably high multiples. So, given the performance of the past several weeks, have stocks fallen far...
Buffalo Small Cap. You may not have heard of Buffalo Funds, but the Kansas money manager is running well ahead of the Wall Street herd these days. Its Buffalo Small Cap (800-492-8332) turned three ...
Last year, Starwood Hotels' Barry Sternlicht, a volatile and impetuous CEO, alienated his former best friend and colleague, Richard Nanula. (See "Divorce Corporate Style" in the fortune.com archive...
As the MONEY 30 celebrates its third anniversary this month, we are making a change in the lineup: America Online replaces Starwood Hotels & Resorts. (AOL will apppear on the table starting next mo...
Hilton's Steve Bollenbach and Starwood Hotel & Resorts' Barry Sternlicht are among the rock stars of the CEO world, the kind of glamour boys whose reputation for making deals, and making their inve...
The MONEY 30 is well on its way to clobbering other major market measures for 1998. As of Nov. 30, our index was up 36.3% (including dividends), vs. 21.6% for Standard & Poor's 500-stock index and ...
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