Starwood has signed a Non-Exclusive Master
Agreement with D.I.H (Cyprus) Limited (an affiliate of Duet India
Hotels Ltd.) and JHM Interstate Hotels India Pvt. Ltd.
agreement was signed concurrently with the execution of the
agreement for the Four Points by Sheraton Pune, Nagar Road. The
Non-Exclusive Master Agreement also covers the Four Points by
Sheraton Jaipur City Square which opened in October 2009 and Four
Points by Sheraton Visakhapatnam. Four Points by Sheraton Pune,
Nagar Road and Four Points by Sheraton Visakhapatnam are both
targeted to open in October 2010.
In a significant
vote of confidence for India's burgeoning travel market, Starwood
launching a major expansion of its mid-market brands, Four Points
by Sheraton Hotels and Aloft Hotels, in India. Starwood is well on
track with its plans to grow its existing portfolio of 26 hotels
in India by 60% by 2013 with the opening of the first Four
Points by Sheraton in Navi Mumbai, Vashi in partnership with the
Starwood's legacy in India began in 1973,
when its Sheraton brand debuted in Mumbai. The company has since
grown the portfolio to 26 hotels under its Westin, Sheraton, Four
Points by Sheraton, The Luxury Collection and Le Méridien brands.
By 2013, Starwood expects to have an additional 15 new hotels in
India across the Sheraton, Westin, Four Points by Sheraton and
Four Points by Sheraton debuted in India in 2009 with the openings of Four
Points by Sheraton Jaipur City Square and Four Points by Sheraton,
Navi Mumbai, Vashi.
"Starwood has spent the last two years laying the
groundwork for the debut of the Four Points by Sheraton brand in
India, and we are thrilled to see our plans come to fruition with
the opening of two Four Points hotels last year and the signing of
this partnership with D.I.H. Cyprus Limited and JHM Interstate,"
said Miguel Ko, Chairman & President, Starwood Hotels & Resorts,
Asia Pacific. "We look forward to continuing to grow this brand in
key markets throughout India and Asia Pacific with Duet India
Hotels, JHM Interstate and other development partners."
Dilip Puri, Chief Executive Officer, Duet India Hotels added "Our
focus on the development of first class international hotels in
central and secondary business district locations in India is
completely in sync with the vision of the Four Points by Sheraton
brand. We are very happy and look forward to a fruitful
partnership with the Starwood Group."
All Four Points
properties in India, including the hotels in Navi Mumbai, Jaipur
and the soon to open hotels in Pune and Visakhapatnam, are new
builds, bringing a new generation of sleek, modern, and stylish
mid-market hotels to the country.
"Starwood has responded
to India's acute need for mid-market lodging by working with
proven development partners to open best-in-class conversion and
new-build hotels throughout this dynamic emerging market," said
Simon Turner, President of Global Development for Starwood. "Four
Points by Sheraton continues to experience substantial growth
around the world based, in part, on its flexibility which has
proven to be an appealing option in a variety of markets. For
example, in 2010, Four Points will debut with new build hotels in
Lagos, Nigeria, as well as Bangkok and Phuket in Thailand."
"In keeping with the Four Points brand's commitment to
providing honest, uncomplicated comfort, our hotels will offer
travelers to and within India timeless style and 'can-do' service
combined with simple pleasures like free high-speed Internet
access in all public spaces, a great local craft beer at the end
of a long day, our signature breakfast and a great night's sleep,"
said Brian McGuinness, Senior Vice President of Specialty Select
Brands for Starwood. "We are very excited about the signing of
Four Points by Sheraton Pune, Nagar Road and Four Points by
Sheraton Visakhapatnam and look forward to welcoming travelers."
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