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Starwood Selected to Manage the 509 room Sheraton
Shanghai Hotel & Residences, Pudong

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Singapore, 5th April 2005 - Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) and Shanghai You You Group Co. Limited have announced an agreement whereby Starwood will manage the Sheraton Shanghai Hotel & Residences, Pudong in China. 

Scheduled to open in mid-2008, the hotel and residences will be part of a multi-purpose complex that houses the hotel in one tower and serviced residences, offices and retail space in the other two towers.  The hotel will feature 509 rooms, 150 serviced residences, and close to 16,400 square feet of meeting and function space. 

The hotel facilities will also include four dining outlets, a health club and spa, an indoor swimming pool and retail center.  Located in the Pudong district of Shanghai, the hotel will be next to the new Shanghai World Exposition site, venue of the Shanghai World Expo in 2010, and Nanpu Bridge, providing easy access to the city’s central business district and places of interest on both sides of the Huangpu River.

Sheraton Hotels & Resorts is a well-entrenched and established brand in China, being the first international five star hotel brand to open in China twenty years ago, with the opening of the Great Wall Sheraton Hotel in Beijing.  Since then, Sheraton has grown to be a respected international landmark, spreading across 15 cities throughout China. 

“Sheraton today is very much a part of the business and social life in China, whether for business travelers, meetings and incentives, or for families and friends to socialize and enjoy good dining.  We are very proud to be working in partnership with Shanghai You You Group Co. Limited to bring a new Sheraton to China,” said Miguel Ko, President, Starwood Hotels & Resorts Asia-Pacific.  With this addition, Starwood will be able to offer travelers a choice of five upscale hotels in  the exciting cosmopolitan hub of Shanghai:

  • Sheraton Shanghai Hotel & Residences (opening 2008)
  • W Shanghai - Pudong (opening 2008)
  • The Westin Shanghai
  • St. Regis Hotel, Shanghai
  • Sheraton Grand Tai Ping Yang Hotel, Shanghai
Starwood Hotels & Resorts expanded its portfolio in China significantly over the last year with the opening of Four Points by Sheraton Shenzhen, and the signing of Sheraton hotels in Shenzhen, Xiamen, Changsha, Ningbo and Haikou.  In the first quarter of 2005, the hotel giant also signed two new hotels : Sheraton Chongqing Hotel and The Westin Nanjing.  With a total of 19 operating hotels and 13 hotels under development in China, Starwood is well-established as the largest international operator of upscale hotels in China.

Shanghai, a municipality under the China Central Government, is the largest economic and trade center in China.  According to Shanghai Tourism Commission, the increasing numbers of multinational companies and travel related companies have helped stimulate the tourism industry in Shanghai.  By end of 2004, there were at least 600 international and domestic travel services, and 55,000 guest rooms in Shanghai.  Shanghai expects to receive at least 4 million visitors from abroad in 2005, with domestic tourist numbers forecasted at 100 million.  The city’s infrastructure is also rapidly improving to cater to the growing numbers. 

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 750 properties in more than 80 countries and 120,000 employees at its owned and managed properties.

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Contact:

Hwee Peng Yeo
Corporate Communications Manager
Starwood Asia Pacific Hotels & Resorts Pte Ltd
hweepeng.yeo@starwoodhotels.com
Tel : +65 6335 4837
www.starwoodhotels.com

Also See: Starwood Hotels Reports 28 Hotels Open or Under Construction Throughout China / October 2004
Hainan Hua Neng Hai Bin Industrial Development Co. Ltd Appoints Starwood to Manage the Newly Built 330 room Sheraton Haikou Resort, on the Northern Tip of Hainan island, China / November 2004


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