Hotel Sales to Chinese Investor 6/19

Hotel Sales to Chinese Investor 6/19


Westin Hotels & Resorts

In 1930, Severt W. Thurston and Frank Dupar of Seattle, Washington met unexpectedly during breakfast at a diner in Yakima, Washington. The competing hotel owners decided to form a management company to handle all their properties, and help deal with the crippling effects of the ongoing Great Depression. The men invited Peter and Adolph Schmidt, who operated five hotels in the Puget Sound area, to join them, and together they established Western Hotels. The chain consisted of 17 properties, 16 in Washington and one in Boise, Idaho.

Western expanded to Vancouver, British Columbia and Portland, Oregon in 1931, and by 1941 into Alaska and California. By the early 1950s, Western also had properties in Montana and Utah.

Growth and Name Change

Early management developed each property individually. After more than two decades of rapid growth, many of its properties were merged into a single corporate structure in 1958, focusing on bringing the hotels together under a common chain identity.

Western Hotels managed a floating hotel aboard the ocean liner QSMV Dominion Monarch, during the Century 21 Exposition in Seattle in 1962. The chain also managed the Eye of the Needle restaurant atop the Space Needle, which they continued to manage for many years.

The company was renamed Western International Hotels in 1963, to reflect its growth overseas. That same year, the company went public. In 1970, the chain was acquired by UAL Corporation. For its 50th anniversary in 1980, the company changed its name again to Westin Hotels & Resorts (a contraction of the words Western International).

In 1987, UAL Chairman Richard Ferris announced a plan to make UAL into Allegis, a travel conglomerate based around United Airlines, Hertz Rent a Car, Hilton Hotels, and Westin and linked by Apollo. This strategy failed, however, and Westin was sold in 1988 to Aoki Corporation of Japan. In 1994 Aoki sold it to Starwood Capital, real estate investment firm and parent of Starwood Lodging, and Goldman Sachs, an investment bank. In 1998 Starwood assumed full ownership of the company.

Westin claims to have been the first hotel chain to introduce guest credit cards (in 1946), 24-hour room service (1969), and personal voice mail in each room (1991).

 

Today

Westin markets certain amenities available in its properties to the public under the brand name Heavenly. In 2005, Westin became the first hotel company to gain a national retail store presence when Nordstrom started carrying the Heavenly Bed line in more than 60 stores.

Westin refreshed its partnership with United Airlines in 2008. United began offering pillows and blankets from Westin’s Heavenly Bed line on select United premium service routes between New York City and California, as well as Westin decorations and scents in some Red Carpet Club lounges. These amenities were stopped following the merger with Continental Airlines. Beginning in 2013, Delta Air Lines began an extensive partnership with Westin and Starwood Hotels, which includ ed adding Westin Heavenly In-flight Bedding to all Delta One seats on international flight as well as transcontinental flights.

Especially in the last decade, Westin has focused on expanding globally. Since 2005, the number of hotels has grown from 120 locations in 24 countries to over 192 locations in 37 countries as of 2013.

 

Notable Hotels

– Westin Las Vegas

– The Westin Savannah Harbor Golf Resort & Spa – only Resort located in Savannah’s Historic District

– Westin Bonaventure Hotel – iconic Los Angeles hotel composed of 5 cylindrical towers, designed by John Portman

– Moana Surfrider, A Westin Resort & Spa – oldest resort hotel in Hawaii

– Westin Peachtree Plaza Hotel – for many years the tallest in the world

– Westin Book Cadillac Hotel – historic Detroit skyscraper hotel which sat vacant for decades before a recent complete restoration

– The Westin Nova Scotian – considered the “grande dame” of Halifax, Nova Scotia

– Westin Singapore – has the highest hotel lobby in Singapore

– Westin Hotel & Resort Denpasar/Bali – nestled on the white sandy beach of Bali’s southern coast

– Westin St. Francis – famous San Francisco hotel on Union Square, parts of which survived the 1906 earthquake

– The Westin Excelsior, Rome – The Villa La Cupola Suite, billed at US$30,000 per night, is listed at number 8 on World’s 15 most expensive hotel suites complied by CNN Go in 2012.

– The Westin Palace Madrid – historic 1912 luxury hotel in the heart of Madrid

– The Westin Kierland Resort & Spa – located in the heart of Scottsdale, Arizona

– The Westin Maui Resort & Spa – located on Ka’anapali Beach in Maui, Hawaii.

 

TIMELINE

In 2005, Westin Hotels & Resorts® celebrated its 75th birthday, proving that intuitive service and luxurious comfort are never out of style. The Westin name graces more than 180 hotels in 37 countries and continues to drive new ideas and innovative services across the hospitality industry.

See how Westin has made history with a series of industry firsts throughout the years.

1930

As luck would have it, two hotel competitors found themselves having breakfast at the same diner in Yakima, Washington. They struck up a conversation, formed an alliance and Western Hotels was born.

1946

The first guest credit card is issued by Western Hotels.

1947

The “Hoteltype” reservations system is introduced, allowing Western to instantaneously confirm guest reservations.

1954

With the addition of a property in Canada, Western Hotels evolves into Western International.

1969

Western Hotels is the first hotel to offer 24-hour room service

1978

The first in-house hotel training program for Executive Chefs is developed by Western Hotels.

1980

The company commemorates its 50th birthday by changing its name to Westin Hotels & Resorts.

1983

Westin is the first major hotel to implement a comprehensive credit card reservation and check-out system.

1991

Westin guests are offered personal voicemail service – a first in the hotel industry.

1994

“Westin Kids Club®,” the first children’s program serving infants, debuts, features a broad range of services and facilities for all children under the age of 13.

“Service Express®,” the first program of its kind, is introduced, allowing guests to request all hotel services with just one call.

1999

Westin proudly introduces The Heavenly® Bed and changes the industry paradigm of a superior sleep experience.

2001

The heavenly family of innovations grows with the Heavenly® Bath featuring dual showerheads and more elbow room. In addition, Westin’s Heavenly Bath includ es spa towels, custom bath amenities, Heavenly Shower Curtains and Egyptian cotton-velour robes.

The Heavenly® Crib is created to surround babies in comfort and encourage a full night’s sleep.

2003

WestinWORKOUT® fitness centers are introduced as the ideal solution for those dedicated to fitness, even when away from home.

2004

Fitness equipment is added to guest rooms in response to the growing demand for more personalized workout options.

2005

Westin Hotels & Resorts celebrates its 75th anniversary, providing guests with exceptional service and memorable experiences around the world.

2006

Westin adds sensory elements to its arrival experience including a signature scent, music, lighting and botanicals.

2007

Westin elevates the hotel spa experience with the introduction of Heavenly Spa by Westin(SM) as well as in-room spa services.

2008

Westin adds SuperFoodsRx® items to its breakfast menu to help guests be their best on the road.

2009

Westin launches its online store at westin.com/store allowing guests to bring home the Heavenly® Bed, Heavenly® Bath products and more.

2010

Westin launches Clutter-Free Meetings to help planners and guests stay organized and productive with an open room design and layout and socially conscious amenities.

2011

Westin unveils its groundbreaking “For a better you™” ad campaign depicting how the Westin experience is designed to help guests leave feeling better than when they arrived.

2012

Westin and New Balance debut global Gear-Lending program allowing guests to rent out sneakers and workout clothes during their stay.

2013 Westin partners with Delta Air Lines to transform the sleep experience in the air by offering Westin Heavenly® In-Flight bedding in Delta’s BusinessElite cabins throughout the world.Westin tackles the Monday blues head-on with the introduction of a new, dedicated “Westin Weekend” program that gives guests more flexibility and time to make the most out of their weekend getaway.

2014

Westin partners with Headspace to create an exclusive mindfulness and meditation offering accessible online at westin.com/headspace.

In partnership with SuperChefs, Westin launches The Westin Eat Well Menu for Kids, a menu fully dedicated to healthy options for kids at its hotels around the world.

Westin announces the rollout of Westin Fresh by The Juicery, a menu of energizing fresh juices and smoothies to be featured at all Westin hotels worldwide by early 2015.