Starwood Board Approves $250 Million Share Repurchase Authorization
WHITE PLAINS, N.Y., Dec 01, 2011 (BUSINESS WIRE) -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has approved a share repurchase authorization of $250 million.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,071 properties in 100 countries and approximately 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), W(R), Westin(R), Le Méridien(R), Sheraton(R), Four Points(R) by Sheraton, aloft(SM), and element(SM). 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 the "Investor Relations" section within www.starwoodhotels.com.
** Please contact Starwood's toll-free media hotline at (866) 4-STAR-PR (866-478-2777) for photography or public relations requests.**
SOURCE: Starwood Hotels & Resorts Worldwide, Inc.