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4-Traders Homepage  >  Equities  >  Nyse  >  Starwood Hotels & Resorts Worldwide Inc    HOT

Delayed Quote. Delayed  - 08/26 07:11:54 pm
78.4 USD   -0.34%
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Starwood Hotels & Resorts Worldwide, Inc : Westin Hotels Debuts New Resort in Exclusive Lake Las Vegas

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03/29/2012 | 10:35pm CEST

Offering Breathtaking Lake and Mountain Views, The Westin Lake Las Vegas Resort and Spa Inspires Well-being Just Outside the Las Vegas Strip

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the opening of The Westin Lake Las Vegas Resort and Spa, the newest addition Westin's growing resort portfolio and the second Westin in greater Las Vegas. The Westin Lake Las Vegas Resort and Spa features 493 rooms and suites, world-class resort amenities, and expansive meeting facilities in an unbeatable location. The resort underwent a $4 million renovation prior to re-opening under the Westin flag, including upgrades to all guest rooms to implement signature Westin brand amenities including the renowned Westin Heavenly® Bed.

The Westin Lake Las Vegas Resort and Spa offers breathtaking lake and mountain views, as well as two pools, white sand beaches, cabanas, and a choice of water activities. The centerpiece of the prestigious Lake Las Vegas community in Henderson, Nevada, the resort is just five minutes from the Jack Nicklaus-designed SouthShore Golf Club and 15 minutes from the excitement of the Las Vegas strip. Dining options including Marssa Restaurant headed by Master Sushi Chef Osama Fujita, Rick's Café, and cocktails at the hotel's Moroccan-style Arabesque Lounge.

"The Westin Lake Las Vegas Resort and Spa is a prime addition to the Westin resorts portfolio," said Brian Povinelli, Global Brand Leader for Westin Hotels & Resorts. "The resort's location in the exclusive Lake Las Vegas community offers a revitalizing desert retreat just outside lively Las Vegas."

Boasting one of the largest meeting facilities in the area, The Westin Lake Las Vegas Resort and Spa is an ideal choice for weddings, social galas and business functions, with more than 94,000 square feet of meeting and banquet facilities equipped with the latest in meeting technology.

"The Westin Lake Las Vegas Resort and Spa offers all the amenities of a world-class resort, not to mention top-notch meeting facilities and convenient access to leading Las Vegas attractions," said Jim Dina, COO of Pyramid Hotel Group. "We expect that the strength of the Westin brand will draw even more business and leisure travelers who appreciate the brand's emphasis on a renewing travel experience, plus we can reach even more potential guests via the award-winning Starwood Preferred Guest program."

The sensory-rich environment at Westin offers a respite from the rigors of travel and sets a welcoming tone. Westin's innovative programs and instinctive service transform every aspect of a guest's stay into a revitalizing experience with a better you in mind. All guestrooms feature the world-renowned Westin Heavenly® Bed - an oasis of lush sheets, down and a patented pillow-top mattress, which cradles and contours to the body for complete comfort. Signature services including exclusive SuperFoodsRX® menus, the industry-leading WestinWORKOUT® and the Heavenly® Bath enhanced with the brand's Heavenly® Shower, Heavenly® Robe and White Tea Aloe bath amenities have been designed to ensure guests stay relaxed, refreshed and leave feeling better than when they arrived. In-room, high-speed Internet access and an ergonomic work space offer travelers convenience and productivity in a tranquil setting.

Westin Hotels & Resorts, like all brands within Starwood's robust portfolio, is proud to offer the Starwood Preferred Guest® program, which made headlines when it launched in 1999 with a breakthrough policy of no blackout dates on Free Night Awards. SPG® offers members the ability to redeem awards at more resorts, more luxury properties, more European hotels and more golf properties than any other hotel program.

For more information on Westin Hotels & Resorts, please visit www.westin.com or www.facebook.com/westin.

About Pyramid Resort Group:

Pyramid Resort Group manages and asset manages a diverse portfolio of resorts in one of kind destinations across the United States and the Caribbean. These locations range from Keauhou Bay in Kona Hawaii, Phoenix Arizona, and to the Cayman Islands. Pyramid Resort Group delivers creative, engaging experiences for the leisure and group guest inclusive of golf, spa, fitness, dining, meetings, recreation, water sports, and cultural immersion.

Pyramid Resort Group is a division of Boston based Pyramid Hotel Group, which manages and asset manages over 70 hotels and resorts across the United States. In addition to management and asset management Pyramid provides services that include project management, property management, and advisory services for owners and lenders.

About Westin Hotels & Resorts

Westin Hotels & Resorts makes the healthiest choices irresistibly appealing, so guests leave feeling better than when they arrived. With more than 186 hotels and resorts in over 36 countries and territories, Westin is owned by Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,090 properties in 100 countries and territories with 154,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and ElementSM. The company boasts one of the industry's leading loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.

Media:
Starwood Hotels & Resorts Worldwide, Inc.
Nadeen N. Ayala, 203-351-2542
Nadeen.ayala@starwoodhotels.com


© Business Wire 2012
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Financials ($)
Sales 2016 5 183 M
EBIT 2016 828 M
Net income 2016 406 M
Debt 2016 1 376 M
Yield 2016 1,89%
P/E ratio 2016 28,65
P/E ratio 2017 25,14
EV / Sales 2016 2,84x
EV / Sales 2017 2,74x
Capitalization 13 338 M
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Starwood Hotels & Resorts  Technical Analysis Chart | HOT | US85590A4013 | 4-Traders
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Mean consensus HOLD
Number of Analysts 21
Average target price 79,3 $
Spread / Average Target 0,82%
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NameTitle
Thomas B. Mangas Chief Executive Officer & Director
Bruce W. Duncan Chairman
Alan M. Schnaid CFO & Principal Accounting Officer
Martha Poulter Chief Information Officer & Executive VP
Eric C. Hippeau Independent Director
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Sector and Competitors
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