Starwood will open its 1000th hotel this year. The milestone comes as part of the company's plan to open 100 hotels this
year in diverse markets throughout the world.
The company also remains on-track to expand its
portfolio by more than 40% in the next five years. Starwood's
pipeline consists of more than 400 hotels - 60% of which currently
are outside of the United States.
"By working closely with our development partners, we are able to open high caliber, best-in-
hotels around the world, even during challenging economic
times," said Simon Turner, President of Global Development,
Starwood Hotels & Resorts Worldwide, Inc. "Starwood is building, opening, converting, renovating and innovating for the recovery
and beyond, and these new hotels will further position Starwood
and its development partners for long term growth and success."
2009 marks a year of significant milestones and meaningful
growth for Starwood and its portfolio of nine different brands.
Hotels will triple its portfolio in the next three years, opening 13 properties this year in markets
including Barcelona, Bali, Doha and Santiago, as well as Atlanta,
South Beach, Hollywood and Washington D.C.
As part of
its $4 billion revitalization program, Sheraton Hotels & Resorts
expects to open 18 hotels in high-profile destinations like New
York City; San Juan, Puerto Rico; Istanbul, Turkey; Prague,
Czech Republic; and Qiandao, China. The brand is also
scheduled to complete its goal of renovating nearly 100 hotels
at an investment of $1.3 billion.
Westin Hotels & Resorts
expects to open 11 hotels this year in dynamic international
cities including Montreal, Mumbai, Shanghai, Mexico City and
After opening 17 hotels in the U.S., Canada and
China in 2008, Aloft will double its portfolio in 2009 with
openings in Houston; Phoenix; and Abu Dhabi, UAE, among others.
Element expects to open five
more hotels this year in U.S. markets such as Houston and
Four Points by Sheraton continues to be a major growth
vehicle for the company and is set to open nearly 30 hotels in
2009, including one in New York City's Times Square;
Albuquerque, New Mexico; Winnipeg, Canada, and its first new
prototype, which is slated to be in San Antonio.
began with St. Regis opening a new resort in Punta Mita, Mexico.
The luxury brand will ramp up its global expansion with plans
to open an additional four hotels in 2009, including properties
in Atlanta; Park City, Utah; Mexico City; and Lhasa, China.
Luxury Collection entered the year celebrating the recent
opening of a hotel in Beverly Hills and continues to grow with
more than 10 hotels in its pipeline.
And Le Meridien has nearly 20
hotels in development and four openings planned this year in
markets around the world. Notably, the brand is making further
inroads in North America, with plans to open hotels in Dallas
other recent news regarding: