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Starwood Hotels & Resorts Worldwide Inc. Message Board

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  • PLanigan PLanigan Jul 6, 1998 6:33 PM Flag

    $37 CIRCUS BUYOUT SPLITTING GAMING AND H

    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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