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New Starwood CEO to focus on unit growth

By Helen Andrews    26 Mar 2015
While Aron has been appointed as CEO on an interim basis, no deadline has been put in place to find a permanent replacement

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.”

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