Starwood 2012 Annual Report Download - page 10

STARWOOD HOTELS & RESORTS WORLDWIDE, INC.-2013Proxy Statement4
PROXY SUMMARY
This summary highlights information contained elsewhere in this proxy statement. This summary does not contain all of the information
that you should consider, and you should read the entire proxy statement carefully before voting. Page references (“XX”) are supplied
to help you fi nd further information in this proxy statement.
2013 Annual Meeting of Stockholders
Date and Time: Thursday, May30, 2013, at 10:00 a.m. local time
Location: The Sheraton New Orleans Hotel, 500 Canal Street, New Orleans, Louisiana 70130
Record Date: April3, 2013
Voting Matters and Board Recommendations
Our Board’s Recommendation
Election of Directors (page 15 ) FOR each Director Nominee
Advisory Vote to Approve Named Executive Offi cer Compensation (page 21 )FOR
Approval of 2013 Long-Term Incentive Compensation Plan (page 21 )FOR
Ratifi cation of Auditors (page 33 )FOR
Advance Voting Methods
Even if you plan to attend the 2013 Annual Meeting of Stockholders
in person, please vote right away using one of the following advance
voting methods. Make sure to have your proxy card or Notice
of Meeting and Internet Availability of Proxy Materials in hand
and follow the instructions.
You can vote in advance in one of the following ways:
• VIA THE INTERNET: Visit the website listed on your proxy
card or Notice.
• BY TELEPHONE: Call the telephone number on your proxy
card or follow the instructions on the Notice.
• BY MAIL: Follow the instructions on the Notice to request a
paper copy of the materials, which will include a proxy card
that you mark, sign, date and mail in the provided postage-
paid envelope.
Business Highlights
Results for the year ended December31, 2012 were strong. We
performed well along all four key drivers of value. We held our
costs in check for the fourth year in a row, grew our footprint with
quality hotels and contracts, sustained high Revenue Per Available
Room (“RevPAR”) and occupancies in an uncertain environment,
and realizedsignifi cant valuefromreal estate sales.Our results
for the year ended December31, 2012 benefi ted from the sales
of residential units at the St. Regis Bal Harbour. During 2012, we
closed sales of 188 units and realized revenues of $684million.
From project inception through December31, 2012, we have
closed contracts and recognized revenue on 224 units representing
approximately 73% of the total residential units.
For 2012, our business highlights included:
• We grew Same Store Worldwide RevPAR by 5 % in constant
dollars and Management and Franchise Fees by over 10 %;
• We opened 69 hotels with nearly 18 ,0 00 rooms, including the
Sheraton Macao, our largest hotel ;
• We signed 131 deals for new hotels, growing our pipeline to
400 hotels with 100,000 rooms;
•We sold eight hotels for $540 million;
• We invested over $300million in our owned hotels, including
trophy properties like the Gritti Palace in Venice and the Alfonso
XIII in Seville;
•We generated $684 million in residential sales at the St. Regis
Bal Harbour; and
•We returned over $550 million to stockholders, increasing our
dividend by 150% and repurchasing 6.3million shares.