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Starwood Hotels & Resorts Worldwide Inc. Message Board

  • SIDSYCHO SIDSYCHO Jul 2, 1998 1:35 PM Flag

    $37 CIRCUS BUYOUT SPLITTING GAMING AND H

    hot buying out circus splitting gaming and hotels!$37 deal

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    • Dear Barry:

      You have done a great job and
      you should be proud. To combine Sheraton and
      Westin...wow! Two great names. The hotel business is doing
      great. Just tried to book a room at the KC
      Westin...booked! I love it!

      However, the stock is not
      moving, and that isn't really your fault. Investors are a
      fickle lot, looking for instant gratification. So,
      please do not misconstrue my requests as seeking short
      term gain...these two requests will benefit the
      company, and its owners, long term.

      First, sell the
      Casino business. It's prospects are not good. Look at
      the supply and demand line.

      Second, take the
      proceeds and buy back shares. At this price, and the
      dividend your paying, it makes more sense than to buy more
      properties or pay down debt.

      Please give these
      requests serious consideration. Thank you.

 
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