Global Hotel Icon will Open 30 Hotels over the next year, Propelled by Phenomenal Growth in Asia Pacific
Openings Include the Official Debut of Sheraton Huzhou Hot Spring Resort – An Architectural Marvel Designed by China’s Leading-Edge Architect Ma Yansong
STAMFORD, Conn. -- Starwood Hotels & Resorts Worldwide, Inc.
(NYSE: HOT) today announced that its global powerhouse Sheraton plans to open 30 hotels over the next 12 months. Half of the new Sheraton hotels will open in China, lengthening Starwood’s lead as the largest upper-upscale global hotel operator in Asia Pacific. Sheraton is also picking up momentum in several other emerging markets including Latin America, the Middle East and Turkey.
“Sheraton is anticipating record-breaking growth, putting us on track to open our 500th hotel in 2015. The majority of our new hotel development is taking place in the world’s fast-growing economies, while in North America, Sheraton remains one of the most sought-after brands for conversion opportunities,” said Hoyt Harper, Global Brand Leader for Sheraton Hotels & Resorts. “Our portfolio is stronger than ever following our highly successful brand-wide revitalization and multi-billion dollar investment to enhance the Sheraton brand over the past several years.”