Starwood Hotels & Resorts is moving its headquarters from White Plains, N.Y., to a waterfront development in Stamford, Conn.
The company said it will complete the move of its offices and 800 full-time jobs by January 2012. Stamford is about 12 miles from White Plains.
Starwood will move into the Harbor Point development that is already home to major companies such as Pitney Bowes and Deloitte & Touche. The company’s new headquarters will be certified as a green building under the Leadership in Energy and Environmental Design ratings program.
"After an extensive search for new office space for our worldwide headquarters, it became clear that this particular space in Stamford was an ideal choice," said Starwood CEO Frits van Paasschen.
"Not only did the state of Connecticut provide meaningful incentives that translate to a savings of 20% per year in rent, but we will also have the opportunity to design office space that reflects Starwood’s leadership in global hospitality, design and brand-building as well as our commitment to the environment and our communities."
Starwood said it would invest $40 million into the new headquarters.