STAMFORD, Conn. (AP) _ Starwood Hotels & Resorts Worldwide Inc. says
it will move its headquarters from White Plains, N.Y., to Stamford,
Conn., in January 2012, with the help of millions of dollars in
incentives from the state of Connecticut.
The chain, which operates the Sheraton, W Hotels and Westin brands,
announced Wednesday that it will move to the Harbor Point waterfront
development in Stamford and invest $40 million in the existing
facility.
Connecticut Gov. M. Jodi Rell says Starwood will bring 800 jobs to
the state.
Starwood President and Chief Executive Officer Frits van Paasschen
says the company will save 20 percent a year in rent.
The Connecticut Department of Economic and Community Development is
helping the move with a $9.5 million loan and up to $75 million in
tax credits.
