Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that it has reached a historic milestone with 103 hotels open and in operation and now another 100 signed hotel deals in the pipeline forGreater China, Starwood's second largest market outside of the United States. The announcement was made as part of celebrations at the Sheraton Shanghai Hongkou Hotel on the heels of Starwood's Asia Pacific Investor Day."Our celebration of our more than 100 hotels in operation and 100 hotels in the pipeline marks another significant milestone for Starwood's growth and development inChinaas we double our footprint in the region," saidVasant Prabhu, Vice Chairman and Chief Financial Officer of Starwood Hotels & Resorts Worldwide, Inc. "Our success inChinareflects our first mover advantage, the strength of our brands and the entrusted partnerships we have fostered with our developers, partners, and guests since our first landmark debut with The Great Wall Sheraton Hotel inBeijingin 1985." Starwood has already opened 11 hotels inChinain 2012 and expects to open another 13 hotels by year's end.
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