see all jobs
New Starwood CEO to focus on unit growth
Following the departure of Frits van Paasschen, former CEO of Starwood, the new top man at the company – Adam Aron – is aggressively pursuing unit growth for 2015.
While Aron has been appointed CEO on an interim basis, no deadline has been put in place to find a permanent replacement.
One example of Starwood's growth ambitions include its recent announcement that it is marketing three assets in Fiji, including the 300-key Sheraton Fiji Resort, the 276-bedroom Westin Denarau Island Resort & Spa and the Denarau Golf & Racquet Club. Proceeds from these asset sales will fund general corporate purposes – which could include growth – according to Simon Turner, president of global development at Starwood.
Turner commented on the invigorated strategy to develop the company’s portfolio: “It’s a healthy mix between management contracts and franchised, [referring to the Starwood portfolio of more than 1,200 properties worldwide]. We don’t want to have all of our eggs in one basket. It’s also a healthy mix between conversions and new builds with more new builds than conversions at this point.”
More News
- News by sector (all)
- All news
- Fitness
- Personal trainer
- Sport
- Spa
- Swimming
- Hospitality
- Entertainment & Gaming
- Commercial Leisure
- Property
- Architecture
- Design
- Tourism
- Travel
- Attractions
- Theme & Water Parks
- Arts & Culture
- Heritage & Museums
- Parks & Countryside
- Sales & Marketing
- Public Sector
- Training
- People
- Executive
- Apprenticeships
- Suppliers