|Frits van Paasschen, CEO of Starwood, and Hoyt Harper, global brand leader for Sheraton|
Starwood Hotels & Resorts will relocate its global headquarters from White Plains, NY to Stamford, CT by January 2012. "After an extensive search for new office space for our worldwide headquarters, it became clear that this particular space in Stamford was an ideal choice,” said Frits van Paasschen, president and CEO of Starwood, of the forthcoming move to Stamford’s waterfront Harbor Point development. “Not only did the State of Connecticut provide meaningful incentives that translate to a savings of 20 percent per year in rent, but we will also have the opportunity to design office space that reflects Starwood’s leadership in global hospitality, design and brand-building, as well as our commitment to the environment and our communities.”
Starwood plans to occupy 250,000 square feet of space. Those close to the move say it will create more than 800 full-time Connecticut-based positions within two years.