Over the past several months, it became increasingly clear that it would be best for our company to focus on our core global hotel business
Barry Sternlicht
Expanding upon Starwood Capital's longstanding relationship with GE, we are extremely pleased to announce this venture. Private capital has played an important role in meeting growing electricity demand, and in the process, has helped provide efficient, low cost power on behalf of ratepayers. GE, the industry leader, and Starwood seek to provide critical development capital and expertise to developers for select opportunities in recovering power markets
meeting power relationship growing process development opportunities critical leader industry important electricity expertise demand
We are excited about the opportunity to work with Mammoth on their transformation into a world-class resort destination with a real estate component to match one of the continent's finest mountains.
opportunity work real transformation mountains destination
This is a story of growth,.. We're evaluating what we should do.
growth story
We don't want a fire sale.. Perhaps, we can discuss that but we're not going to gut the company.
fire company
If the market feels it's a coin-toss, we'll have to do something to make it not seem like a coin-toss
market
We don't believe the Hilton bid is superior in any way
We have accomplished a great deal in 1998 and have made enormous progress in laying the foundation for solid future performance. The performance of our lodging operations for the fourth quarter remains strong and ahead of our expectations.
progress future strong expectations performance foundation great made
business past focus global company
The volatility of the high end of the gaming business and the requirements of the business for major ongoing capital investment were key to our decision to sell Caesars.
key business decision end investment
You must log in to post a comment.
There are no comments yet.