Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHITE PLAINS-Raymond L. Gellein Jr., chairman and CEO of Starwood Vacation Ownership, Inc. has been promoted to president, global development for the locally based hotelier. He led the vacation ownership division of Starwood Hotels & Resorts Worldwide, Inc. for the past seven years.

Starwood Hotels & Resorts also reports that Ted Darnall, president of Starwood Real Estate Group, has stepped down after four years at the post and 10 years with the company to develop his own fund that will focus on building aloft and Extended Stay by Westin hotels, brands which he helped create while at Starwood.

Company officials say that Gellein will take on overall management responsibility for the full range of Starwood’s real estate-related functions. His responsibilities will include all of Starwood’s development activities, including hotel, resort and residential development; vacation and fractional ownership; property acquisitions and dispositions; hotel management contracts; franchise pipeline expansion; capital planning and allocation; portfolio management; feasibility studies and design and construction.

Steven J. Heyer, CEO of Starwood Hotels and Resorts, says of Gellein’s appointment, “Rip is a dynamic leader with extensive real estate experience and a proven long-term track record, including industry leading growth and profitability in our SVO business in the last four years. By successfully innovating and capitalizing on the enormous mixed-use opportunities in the SVO business, Rip’s group has created best-in-class margins and a strong platform for continued growth.”

Gellein adds, “I look forward to working with the talented real estate and SVO teams to continue to extend Starwood’s footprint and execute on the company’s branded lifestyle strategy. I will be focused on ensuring that we accelerate development of our pipeline, capitalize on our powerful brand platform and further develop distribution for those brands.”

Darnall, who will be staying at Starwood until at least year’s end working with Gellein on the transition, states that he believes Starwood is positioned for even greater pipeline growth in the years to come.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.