Leading hospitality company
Starwood Hotels & Resorts Worldwide Inc. (
recently joined forces with The Urban Land Institute (ULI)
Greenprint Center for Building Performance. The collaboration
intends to boost the creation of environmentally sustainable
properties globally. The move is in line with the company's
commitment towards incorporating top-class environmental
practices and improves the sustainability of its hotels and
consequently the real estate sector across the globe.
The Urban Land Institute acquired The Greenprint Foundation in
January, 2012 to create The ULI Greenprint Center for Building
Performance. Its mission is to guide the global real estate
sector towards improved environmental performance through focus
on energy efficiency and reduced carbon emissions.
Apart from Starwood, many real estate industry giants are
already a part of the environment friendly organization. These
Avalonbay Communities Inc. (
Jones Lang LaSalle Incorporated (
Prologis, Inc. (
UDR, Inc. (
AVALONBAY CMMTY (AVB): Free Stock Analysis
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Starwood has actively supported economic growth for a sustainable
society through various environmental practices. The company aims
to address six primary environmental issues -- water, energy,
waste, emissions, supply chain and Indoor Environmental Quality
(IEQ). Accordingly, Starwood collaborated with Conservation
International (CI) in 2009 towards this goal. Starwood expects to
reduce its energy and water consumption by 30% and 20%
respectively, by 2020.
As a matter of fact, in the past five years, the company has also
reported carbon footprint levels for its all properties and
corporate office operations through the Carbon Disclosure Project
Survey (CDP). Moreover, since last year, Starwood has reported
water consumption-related information through CDP to further
boost the initiative.
Starwood reported third-quarter 2012 adjusted earnings from
continuing operations of 58 cents. The results breezed past the
Zacks Consensus Estimate of 53 cents, but fell shy of the
year-ago earnings of 60 cents.
Starwood Hotels & Resorts mainly focuses on property
ownership, management, and hotels franchise. The company
operates luxury and upscale hotels in major urban markets through
six brands - St. Regis, The Luxury Collection, Sheraton, Westin,
W, and Four Points. As of September 30, 2012, Starwood's
portfolio consisted of around 1,128 properties across 100
We currently have long-term Neutral recommendation on Starwood.
Also, it carries a short-term Zacks #3 Rank (Hold).