Press release from Business Wire
Westin Hotels to Reach Growth Milestone in 2013 with Opening of 200TH Hotel
<p class='bwalignc'> <i>Eleven New Westin Properties Slated to Open this Year Propelled by Strong Demand in Diverse International Markets including China, Panama, India, and Singapore</i> </p>
Monday, February 04, 2013
Westin Hotels to Reach Growth Milestone in 2013 with Opening of 200TH Hotel10:32 EST Monday, February 04, 2013
STAMFORD, Conn. (Business Wire) -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced
that its Westin brand expects to open its 200th hotel in
2013, driven by robust international demand and the phenomenal success
of the brand's distinct well-being positioning. Westin will open 11 new
hotels this year, the vast majority outside the United States in
fast-growing markets including China, India, Singapore and Panama.
The Westin Birmingham – one of 11 hotels the brand will open in 2013. (Photo: Business Wire)
“Westin is now experiencing the bulk of its growth in the world's
fastest growing economies, where it has emerged as a developer darling
right out of the gate,” said Brian Povinelli, Global Brand Leader for
Westin Hotels & Resorts. “With a history of industry firsts and a
winning approach to well-being, Westin has inspired unwavering guest
loyalty and generated tremendous enthusiasm among owners and developers
across the globe.”
Westin Continues Strong Growth Trajectory Across Asia Pacific
In line with global growth trends, The Westin brand is experiencing a
surge in new hotel openings across Asia Pacific. Seven new Westin hotels
will open in Asia Pacific in 2013, increasing the brand's portfolio to
nearly 50 hotels in the region by year's end. Fueling the brand's growth
in the region is the rapid economic growth in China's second and
third-tier cities. New Westin hotel openings in China this year include
The Westin Haikou, The Westin Sanya Haitang Bay Resort, The Westin
Chongqing Liberation Square and The Westin Qingdao.
Westin will also make its return to Singapore with the opening of The
Westin Singapore Marina Bay in late 2013. In India, The Westin brand
will add one hotel to its portfolio this year – The Westin Chennai
Velachery.
Westin Nearly Doubles Portfolio in Latin America
Demand for new Westin hotels in Latin America is also heating up. In
just the past 18 months, Westin has grown its footprint in Latin America
by nearly 50% as part of the brand's strategic expansion in the region's
fastest growing markets. This year's opening of The Westin Panama will
increase the Westin portfolio in Latin America to 11 hotels, spanning
five countries including Panama, Mexico, Peru, Costa Rica and Guatemala.
“A long-time developer favorite in the U.S., Westin has emerged as a
global market leader as witnessed by our surge of new hotel development
in Asia Pacific, as well as continued momentum in Latin America,” said
Simon Turner, President of Global Development for Starwood. “We see
continued opportunities for global growth through both world-class new
build projects and conversions where developers benefit from the
strength of the brand and Starwood's powerful systems.”
Steady Growth in North America
In North America, The Westin brand will add four new hotels to its
portfolio this year, including The Westin Birmingham – a new-build
property located within the city's sleek, new mixed-use development.
Westin is also attracting a growing share of conversion opportunities in
cities across the United States with The Westin Houston Downtown, The
Westin Sacramento and The Westin San Jose all opening in 2013, following
renovations.
For more information on Westin Hotels & Resorts, please visit www.westin.com,
Facebook
or follow Westin on Twitter.
About Westin Hotels & Resorts
Westin Hotels & Resorts offers innovative programs that transform every
aspect of a stay into a revitalizing experience. All Westin signature
services – like the Heavenly Bed, delicious SuperFoods and WestinWORKOUT
studio – have been designed with the guests' well-being in mind. Westin
hotels,with more than 190 hotels and resorts in nearly 40
countries and territories, is owned by Starwood Hotels & Resorts
Worldwide, Inc. one of the leading hotel and leisure companies in the
world with 1,134 properties in nearly 100 countries and 154,000
employees at its owned and managed properties. Starwood is a fully
integrated owner, operator and franchisor of hotels, resorts and
residences with the following internationally renowned brands: St.
Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®,
Four Points® by Sheraton, Aloft®, and ElementSM. The Company boasts one
of the industry's leading loyalty programs, Starwood Preferred Guest
(SPG), allowing members to earn and redeem points for room stays, room
upgrades and flights, with no blackout dates. Starwood also owns
Starwood Vacation Ownership, Inc., a premier provider of world-class
vacation experiences through villa-style resorts and privileged access
to Starwood brands. For more information, please visit www.starwoodhotels.com.
(Note: This press release contains forward-looking statements within the
meaning of federal securities regulations. Forward-looking statements
are not guarantees of future performance or events and involve risks and
uncertainties and other factors that may cause actual 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.)
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130204006017/en/
Starwood Hotels & ResortsNadeen Ayala, 203-351-2542nadeen.ayala@starwoodhotels.com
