During FY2013, the company had 158 owned, managed or franchised proper
ties in Europe (including
16 proper
ties with majority ownership);
85 managed or franchised proper
ties in Africa and the Middle East;
79 owned, managed or franchised proper
ties in Latin America (including nine properties with
majority ownership);
and 263 owned, managed or franchised properties in Asia Pacific (including four properties with majority ownership).
Additionally, 83% of the company's pipeline represented
growth outside North America, and 61% of Starwood pipeline represents new properties in Asia Pacific and 44% represents new growth in China alone.
Significant presence in diverse geographic
markets helps Starwood offset concentration risks.