Connecticut Governor Jodi Rell said Starwood Hotels & Resorts Worldwide, Inc. will relocate its global corporate headquarters from White Plains, N.Y., to Stamford, Ct., bringing millions of dollars in investments and 800 jobs to the state.

“For months I have worked with Starwood executives and my economic development team to make this deal – and the jobs and investments it brings – a reality for the people of our state,” Governor Rell said. “I am thrilled to see a company of Starwood’s stature make the business decision to move here and invest here. It is a triumph for Connecticut – and it speaks volumes about what our state has to offer businesses.”

The company’s move from White Plains to Stamford’s waterfront Harbor Point development is planned for January 2012. Harbor Point is already home to major employers such as Pitney Bowes and Deloitte & Touche. The company’s new headquarters will be certified under the LEED (Leadership in Energy and Environmental Design) standards program. Starwood Hotels & Resorts has 982 hotels in nearly 100 countries and nine brands, including Sheraton, Westin, St. Regis and W Hotels.

Plans call for Starwood to partner with the landlord in Stamford to invest $40 million into renovating the existing facility. The company, which plans to occupy 250,000 square feet of space by January 2012, will create more than 800 full-time Connecticut-based positions within two years. “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 Frits van Paasschen, president and CEO of Starwood. “Not only did the state of Connecticut provide meaningful incentives that translate to a savings of 20 percent 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.”

The Department of Economic and Community Development will assist the project with a $9.5 million loan and up to $75 million in Urban and Industrial Site Reinvestment Tax Credits. In addition, Starwood expects to receive up to $5 million in sales tax exemptions on building materials through the Connecticut Development Authority. For more information on Starwood, visit www.starwoodhotels.com.

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