Starwood increases repurchase authorization

Starwood Hotels & Resorts Worldwide recently announced that the company’s share repurchase authorization has increased by an additional $250 million. As of Oct. 30, the total amount available under the authorization is approximately $614 million. Starwood Hotels & Resorts Worldwide is a Stamford-based hotel and leisure companies in the world with 1,169 properties in nearly 100 countries and 171,000 employees at its owned and managed properties. It manages a number of international brands, including St. Regis, The Luxury Collection, Westin, Sheraton and Aloft.

Olivia Just