Hotels In 2004, …

Filed under: Canberra Accommodation

In 2004, Starwood’s founder and CEO Barry Sternlicht stepped down as CEO to focus his attention on his other firm, Starwood Capital. He remained on the Board of Directors until 2005. He was succeeded as CEO by Steven J. Heyer, and Starwood began selling a number of its company-owned Canberra Hotels, instead focusing on becoming a management company and franchiser for its current and future hotel brands. In April 2007, Steven J. Heyer left the company on the request of the Board of Directors because of an issue with Heyer’s management style and after allegations of personal misconduct.[7] Chairman of the Board Bruce Duncan served as interim CEO until September 2007, when the company announced Heyer’s successor, Frits van Paasschen.