NEW YORK—If Frits van Paasschen had any hesitations about Starwood Hotels & Resorts Worldwide’s global expansion amid the most challenging operating environment in decades, he sure didn’t show it. The company’s president and CEO was all steely reserve Monday during an one-on-one interview with HotelNewsNow.com’s managing news editor, Stacey Mieyal Higgins, during the 31st Annual New York University International Hospitality Industry Investment Conference.
“We will come into 2010 … with the strongest, the most global and the newest portfolio of hotels in the history of the company,” van Paasschen said.
To hear more from van Paasschen about Starwood’s transition to an asset-light operating model, the industry’s next phases of recovery and a number of other topics, click the video interview link below.