Starwood hotels Form 2023

Starwood hotels Form: What You Should Know

TABLE OF CONTENTS. A — STARWOOD HOTELS & RESORTS WORLDWIDE, LLC — 2023 SECURITIES AND EXCHANGE COMMISSION REPORT FOR THE PERIOD ENDED MARCH 31, 2015 1. Background In May 2015, we completed our acquisition of the remaining 33 percent of Starwood Hotels & Resorts Worldwide (Starring) that we operated under our ownership as Marriott International, excluding the Marriott Vacation Club operation, from Star wood Capital Corporation (Starring), including our ownership in Standard, an international hotel, resort and casino company. We also completed our acquisition of 10 percent ownership in Star wood Vacations Worldwide (Star), a hotel, resort and casino operator from the Star wood Group, including its hotel operations, including our ownership in Standard and its Star brands, and our existing hotel operations, including our ownership in Ritz-Carlton. We anticipate implementing the strategy of combining Marriott's Star wood brands with Star wood Vacations' Star brands, including our remaining Star wood Vacations Vacation Club hotels, in 2016, and Star wood Vacations Vacation Clubs will be our primary brand. In addition, we plan to launch our first Star wood Vacation Club hotels under our ownership in 2018. 1. Starwood Hotels & Resorts Worldwide Overview We develop, own or operate hotels, resorts, cruise liners, villas and golf courses in more than 100 countries and territories in Europe, Africa, the Middle East, Asia and South America. We also provide hospitality solutions in more than 40 countries and territories in North America, Latin America and other regions by acquiring and managing a portfolio of hotel and vacation communities through our hotels segment. We are a leading global operator of vacation destinations and a leading resort developer. In addition to our management team, consisting of a chairman and chief executive officer, an executive vice chairman and 14 other senior executives, we also have non-employee directors and officers. 2. Marriott and Standard Developed Hotel and Resorts in Europe, Africa, Middle East and Asia Star wood Corporation acquired the majority of our ownership of Star woods Hotels & Resorts Worldwide in July 2023 in a cash-and-stock acquisition transaction that resulted in a substantial cash payout to us, as well as the elimination of a significant competitor.

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