Starwood to open more than 70 hotels
Starwood Hotels and Resorts Worldwide will open more than 70 new hotels in 2005 and 2006, around the globe.
“Our development momentum continues to be strong and we’ve won more than our share of hotel deals,” said Stevens J Heyer, Starwood’s chief executive officer. “Our W and St Regis brands are sought after by the development community and Westin was actually the world’s fastest growing upperscale brand in 2004 and is a terrific growth vehicle with lots of opportunities abroad,” he added. “Sheraton is perhaps the most global brand in its category and its international pipeline is quite robust, particularly in China which is the hottest hotel market on the globe. Our moderately-priced Four Points by Sheraton brand still has plenty of room to grow both in the US and abroad and we continue to aggressively expand the brand.”
The properties that the group plans to open in the Middle East and the North African region include Sheraton Aleppo, Aleppo Syria, Sheraton Oran, Algeria, Sheraton Dreamland Hotel, Egypt, and L’Amphitrite Palace, Skirhat, Morocco in addition to upscale hotels like the US Grant Hotel in San Diego and St. Regis Hotel & Residences, San Francisco.