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Tuesday, February 17, 2015

Starwood Says CEO Pushed Out Due to Too Slow Growth

Starwood is a leader in the lifestyle sector, but its international footprint and select-service room volume falls short of its competitors' at a time when the entire industry is looking forward to greater growth and profits. Van Paasschen was considered a leader in the hospitality industry and had led the lifestyle hotel group for eight years before a "mutual agreement" with the board of directors led to him stepping down.

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