Starwood Hotels Cancun (Westin & Sheraton)

Management

Owned by

Starwood Hotels & Resorts

Property Description

Company History
A Starwood Timeline

In just a few years, Starwood has grown into one of the leading hotel and leisure companies in the world. Take a look back and see just how far we have come.

1991 Barry Sternlicht forms Starwood Capital Partners in Chicago backed by high net worth families specializing in real estate acquisitions.

1993 Starwood Capital buys its first hotels, and by 1994, it owns interests in 8,000 rooms in more than 30 properties.

1995 Starwood Capital acquires the debt of a distressed NYSE listed company called Hotel Investors Trust, "a paired share" REIT in which Barry saw potential. The total market value of equity was $8 million. Through the contributions of assets, debt and cash, Starwood Capital took control of Hotel Investors and renamed it Starwood Lodging. We kept its NYSE stock symbol, HOT. In June, the company's recapitalization raises $270 million to deleverage the entity.

Starwood stock rises 72.46% on the year.


1996 Starwood Lodging moves its headquarters from Los Angeles, California to Phoenix, Arizona.

The company expands rapidly by buying single units and small portfolios at deep discounts to replacement cost, including the Doral Inn, now the W New York.

Stock rises 85.30% on the year


1997 Starwood purchases three Westin Regina resorts in Mexico, its first international properties, and 15 full-service hotels from Flatley Company/Tara Hotels.

In September, Starwood Lodging announces an agreement to purchase Westin Hotels & Resorts for $1.8 billion.

In October, Starwood Lodging announces an agreement to purchase ITT Sheraton Corporation for $14.3 billion, acting as a white knight against a hostile bid from Hilton. Starwood is set to become a global enterprise.

Starwood stock ends the year up by 57.48%.


1998 In January, Starwood Lodging completes the acquisition of Westin Hotels & Resorts. With the completion of the purchase, Starwood Lodging is renamed Starwood Hotels & Resorts.

Starwood purchases four full-service, luxury properties in Aspen, Colorado; Houston, Texas; New York City and Washington, DC for stock. The New York City property is eventually sold and the other three become St. Regis hotels.
In February, Starwood completes the acquisition of ITT Sheraton Corporation. Simultaneously, with the closing, Starwood sells its yellow page business for $2 billion to a Dutch company, VNU. Starwood's portfolio now includes more than 650 hotels and resorts in more than 70 countries worldwide.
In March, Starwood is removed from the S&P 500 as no REITs are allowed in the index.

Starwood moves its headquarters to White Plains, New York in May.

The first W Hotel opens in December in New York City. The W brand is designed to offer the personality and individuality of an independent, one-of-a-kind hotel, while guaranteeing the reliability and superior level of amenities and services that business travelers require. W features casually elegant guestrooms and a hip, urban style.

1999 In January, Starwood changes its corporate form from an REIT to a C-Corporation and reduces its dividend from $2.20 to $0.60 to better match the dividends of peers such as Hilton and Marriott.

Starwood sells the Caesars gaming interests it had acquired in the ITT Sheraton deal to Park Place Entertainment for $3 billion cash.

Starwood acquires Vistana, Inc., a vacation ownership company, to establish an immediate presence in the growing vacation ownership market.
Starwood launches Starwood Preferred Guest to aggressively reward and recognize frequent travelers. The program makes headlines with its policy of no blackout dates and no capacity controls -- both industry firsts.
Westin introduces the Heavenly BedTM, featuring a pillow-top mattress, down comforter and luxurious, all white bed linens.
The St. Regis brand continues its growth, and the first six St. Regis hotels (Aspen, Colorado; Beijing, China; Houston, Texas; New York City; Rome, Italy and Washington, DC) are all named to Condé Nast Traveler's "Gold" list for 1999.
Four Points by Sheraton opens its 100th hotel, the Four Points by Sheraton Santa Monica in California.

2000

A redesigned Sheraton guestroom.
Sheraton launches its redesigned guestroom, featuring dramatic sleigh beds, cozy chairs and oversiz

Why People Like to Work for Us

. We have an agreement with Cornell University to attend courses on line for the level of department heads and above
. We provide cross-training programs to all level of employees
. We have an extensive training program for all associates in order to develop their careers inside the company
. Existing employees are notified each time a new position becomes available

Awards

2002 Starwood is named an ENERGY STAR® Partner of the Year by the Environmental Protection Agency (EPA) for its outstanding commitment to pollution prevention through continuous improvement of energy performance throughout the organization. Starwood, an ENERGY STAR partner since 2001, was honored for its leadership in incorporating strategic energy management into its business plan, thereby protecting the environment and strengthening its bottom line.
For the third year in a row, Starwood Preferred Guest is voted Program of the Year in both America and Internationally during the 14th Annual Freddie Awards. Starwood Preferred Guest also takes top honors for Best Customer Service in America and Internationally; Best Award Redemption in America and Internationally; Best Elite Level Program in America and Internationally; Best Website and Best Newsletter.
Today, Starwood is one of the leading hotel and leisure companies in the world with more than 740 properties in more than 80 countries and 110,000 associates at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchiser of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton and W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts.

Property Statistics

Number of rooms

858

Food & Beverage Outlets

Restaurants

Cafeteria/Buffet

Deli

Fine Dining

International

Mexican

Lounges

Entertainment

Lobby

Poolside

Amenities

Hotel Amenities

• 04 Outdoor Pools
• 01 Fitness Facility
• 01 Health Club
• 01 Spa
• 02 Outdoor Tennis Courts
• 01 Gift Shop
• Business Center
• Beauty salon/barber
• Concierge services

• Dual Line Telephones
• High Speed Internet-All Rooms
• In-room coffee/tea
• In-room safe
• In-room refrigerator
• Minibar
• Beaches
• Boating

Spa Amenities

• Fitness Center
• Exercise/Aerobics
• Mineral Springs

• Salon Services
• Yoga
• Meditation/Vision/Spiritual

Internet Links

• westincancun.com
• sheratoncancun.com