On August 28, 2009

No One is Losing Stars, InterContinental and Starwood Say

Starwood Hotels & Resorts backtracked from a Bloomberg article where one of its PR executives said the company would be dropping stars and amenities. Instead the comments made were about a  “hypothetical” situation, not reality, Starwood said. It also reported no properties have lost stars. Our expectation is that all Luxury Collection properties maintain a minimum 4-star rating and we are proud that the vast majority of our St. Regis properties operate at a 5-star level. I also received an e-mail from Caroline Counihan, a spokeswoman for InterContinental Hotels & Resorts, who said the Bloomberg story “really misrepresented the InterContinental scenario.” “The majority of our hotels are still keeping their five-star (or equivalent ratings,)” she wrote. I guess from that statement, some…


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