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Latest press buzz
WHITE PLAINS, NY – March 8, 2010 – Aloft® Hotels, the new
style-at-a-steal brand from Starwood Hotels & Resorts Worldwide,
Inc.® (NYSE:HOT) that is revolutionizing the select-service hotel
category, is cranking up the volume on its music agenda by partnering with one
of the year’s hottest live music events, “Live in the Vineyard.” Aloft’s
title sponsorship of “Live in the Vineyard,” a twice-yearly private
“once-in-a-lifetime” live music showcase featuring on-the-verge artists and big
name bands alike, also establishes Aloft hotels as the venues for “Live in the
Vineyard” artists who will rock it up close and personal with hotel guests and
local tastemakers through a series of live acoustic sets at Aloft properties
across the country throughout the year.
“At Aloft we’re always looking for what’s next and our ‘Live in the Vineyard’
partnership gives our guests exceptional behind-the-scenes access to ‘the next’
in music which is a vital part of the Aloft experience,” said Brian McGuinness,
Starwood’s Senior Vice President, Specialty Select Brands.
Currently going in to its third year, “Live in the Vineyard” (www.liveinthevineyard.com) is the
brainchild of music industry veterans Bobbii Hach-Jacobs and Claire Parr.
It is an intimate grassroots music festival held at a number of boutique
wineries in California’s Napa Valley every April and November. Acts
currently confirmed to take the stage at the upcoming April 2010 “Live in the
Vineyard” event include Train, Melissa Etheridge, Back Street Boys, Macy Gray,
Tonic and Ryan Star among others.
Tickets for the exclusive events cannot be purchased – they must be won through
radio station promotions and online contests and through special Aloft Hotels
promotions, including a giveaway with Facebook at www.facebook.com\alofthotels.
In addition to the April and November festivals, Aloft will host “Live at Aloft
Hotels” shows featuring “Live in the Vineyard” acts at several hotels,
including performances from Five for Fighting at Aloft Charlotte Uptown at the
Epicenter on March 11th, Ryan Star at Aloft Rogers-Bentonville on
March 12th, Emerson Hart, lead singer of Tonic, at Aloft Nashville
Cool Springs on March 24th and Aloft Birmingham Soho Square on March
25th, and Diane Birch at Aloft Houston by the Galleria on April
29th. Go to www.liveatalofthotels.com for
frequent updates on confirmed shows at Aloft hotels.
About Aloft Hotels
Created to shake up the staid, traditional select service segment of the hotel
industry, the Aloft brand delivers style at a steal with urban-influenced,
modern, open and vibrant design - and a social guest experience - at an
affordable price point. In the same way that W Hotels broke through the
clutter of conformity in the upscale hotel arena a decade ago, Aloft is shaking
up the industry for the next generation of traveler. Aloft hotels are geared
toward savvy, design-conscious consumers who grew up with the democratization
of design. With 40 hotels open in the 18 months since Aloft first arrived on
the scene and 10 more opening in 2010, Aloft can be found everywhere from Abu
Dhabi and Baltimore to Dallas and Beijing and everywhere in between. For
more information, please visit www.alofthotels.com.
Aloft Hotels, like all brands within Starwood’s 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. To learn more, please visit www.spg.com.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with 992 properties in nearly 100 countries and
145,000 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, and the recently launched Aloft®, 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 www.starwoodhotels.com.
WHITE PLAINS, NY – March 04, 2010 – Starwood Hotels & Resorts
Worldwide, Inc. (NYSE:HOT) announced today that the company has named its Chief
Financial Officer, Vasant Prabhu, Vice Chairman, in recognition of his
extraordinary contributions to the company. Starwood’s President and
Chief Executive Officer, Frits van Paasschen made the announcement following
the company’s recent Board of Directors meeting.
“Vasant’s leadership and strategic vision were in sharp relief in 2009 as
Starwood navigated the toughest year our industry has endured since the Great
Depression,” said van Paasschen. “His efforts and collaboration ensured
that Starwood did not just survive the global economic crisis, but actually
emerged stronger, with our financial house in order, well poised to take
advantage of opportunities we expect will arise.”
According to van Paasschen, the company significantly cut costs in 2009, raised
over $1.6 billion in cash from a broad range of transactions, reduced its debt
by over $1 billion and paid down debt maturities from 2010 through 2013.
Prabhu, whose new title is Vice Chairman and Chief Financial Officer, will
continue to report to van Paasschen. In his new role, he is not a member
of the Company’s Board of Directors.
Prabhu, 50, joined Starwood in 2003. Prior to joining Starwood, he served
as Executive Vice President and Chief Financial Officer for Safeway Inc., one
of North America’s largest food retailers. He also served as President of
Information and Media Group for The McGraw Hill Companies and Senior Vice
President of Finance and Chief Financial Officer for Pepsi Cola International
where he was responsible for the company’s franchise and owned operations in
more than 100 countries.
Prabhu holds an M.B.A. in Marketing and Finance from the University of Chicago
and a B.S. in Engineering from the Indian Institute of Technology in Bombay,
India. He and his family reside in Greenwich, Connecticut.
About Starwood Hotels & Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with more than 960 properties in approximately
97 countries and 145,000 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, and the recently launched AloftSM, and ElementSM.
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.
