Sheraton Hotels Company Description
Sheraton Hotels & Resorts operates a leading chain of upscale hotels with about 400 locations in some 70 countries. The company's properties target both business and leisure travelers with full-service accommodations, fine dining, and other amenities. Sheraton 2008 announced plans for a major upgrade, including spending $1.3 billion in renovations, $400 million in key brand initiatives, and $2 billion in new hotel openings. The company was founded in 1937 by Ernest Henderson and Robert Moore. The Sheraton chain was acquired by Starwood in 1998; it is Starwood's largest brand.
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The Company Description provides a historical perspective of Sheraton Hotels's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Sheraton Hotels's evolution in the marketplace.
