Beginning in 2010, the brand will open roughly 50 new hotels over three years in 15 countries, inclu

White Plains, New York Starwood Hotels Resorts Worldwide, Inc s (NYSE:HOT) announced today that its global powerhouse, Sheraton Hotels Resorts, is increasing its worldwide footprint through a strategic expansion that will add approximately 50 new hotels and over 20,000 rooms to the brand over the next three years.
Starwood and its partners sister hotels in cancun are investing more than $4 billion in new hotel openings across four continents a development effort that follows sister hotels in cancun the recent three-year, multi-billion dollar revitalization sister hotels in cancun of its iconic brand and guest experience. As Starwood s largest and most global brand, Sheraton currently boasts more than 400 hotels sister hotels in cancun in 70 countries with 92% global awareness among business travelers the highest of any hotel brand in the world.
Beginning in 2010, the brand will open roughly 50 new hotels over three years in 15 countries, including the United States, Colombia, India, Russia, Slovakia, Taiwan sister hotels in cancun and Vietnam. Sheraton the largest international upper-upscale hotel brand in China - will nearly double its footprint in the country with the addition of 28 stunning new properties, including the Sheraton Shanghai Hong Kou Hotel, Sheraton Qingdao and Sheraton sister hotels in cancun Huadu Resort , bringing its total number of hotels sister hotels in cancun there to 50. The brand will also add 10 new resorts to its renowned portfolio, expand its footprint in New York City with new properties in Brooklyn and Manhattan s Tribeca neighborhood and open several new convention hotels.
Looking ahead, we continue to grow the Sheraton brand s already robust presence globally sister hotels in cancun by working with our proven development partners to ensure we have best-in-class properties wherever our guests want to travel, said Simon Turner, President of Global sister hotels in cancun Development for Starwood. Increasingly, we are seeing demand and growth opportunities for new hotels in fast-growing international markets like China and India. In addition, as transaction activity increases in more mature markets throughout North America and Europe we expect to see a number sister hotels in cancun of high quality conversion opportunities to be realized, especially in light of the successful completion of the brand s global revitalization.
As the economy rebounds, the hotel industry is gearing up for a significant influx of new international travelers from emerging markets. sister hotels in cancun By 2015, 400 million Chinese and Indians will have sufficient incomes to travel sister hotels in cancun abroad for perspective that is seven times the number of international travelers who visited the United States last year. [1] That bodes well for Sheraton, which has a reputation as the [2]leading hotel brand in international markets.
Over the past three years, Sheraton has successfully revitalized one of the hotel industry s most iconic brands and now we re sustaining the momentum with an ambitious worldwide expansion, said Hoyt H. Harper II, Senior Vice President for Sheraton Hotels and Resorts. Sheraton has historically been one of the first Western hotels to enter developing markets and when travelers from China and other emerging markets increase their travel internationally, sister hotels in cancun they will stay with hotel brands they know from home. To ensure Sheraton was poised to dominate both domestically and internationally we invested $6 billion globally - $4 billion in North America sister hotels in cancun alone - to ensure a consistent, sister hotels in cancun exceptional guest experience across our portfolio.
Last year, Sheraton completed a three-year, multi-billion global brand overhaul that encompassed more than $4 billion in new hotels, sister hotels in cancun renovations and signature brand initiatives in North America and another $2 billion in new hotels overseas. Highlights included:
o 98 renovated sister hotels in cancun properties, nearly half of Sheraton s North American portfolio, including high profile gateway properties like the Sheraton Denver, Sheraton Boston, Sheraton Seattle Hotel Towers, Le Centre Sheraton Montreal and Sheraton Waikiki.
Starwood Hotels Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 992 properties in nearly 100 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally sister hotels in cancun renowned brands: St. Regis , The Luxury Collection , W , Westin , Le M ridien , Sheraton , Four Points by Sheraton, and the recently sister hotels in cancun launched Aloft , and Element SM. Starwood Hotels sister hotels in cancun also owns Starwood Vacation Ownership, Inc., one of the premier developers sister hotels in cancun and operators of high quality vacation interval sister hotels in cancun ownership resorts. For more information, please visit www.starwoodhotels.com sister hotels in cancun .
(Note: This press release contains forward-looking statements within the meaning of federal securities regulations. Forward-looking sister hotels in cancun statements sister hotels in cancun are not guarantees of future performance or events and involve risks and uncertainties and other factors that may cause actual sister hotels in cancun results or events to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results and events will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.) The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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