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Starwood Signs Two Managament Contracts for
Four Points by Sheraton Hotels in Changshu
and Shanghai

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Singapore, 11th July 2005 - Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) continues its aggressive expansion momentum in China with the signing of two new hotels : Four Points by Sheraton Changshu and Four Points by Sheraton Shanghai, Pudong. 

“We are thrilled about the choice location of our new hotels in Changshu and Shanghai,” said Miguel Ko, President, Starwood Asia Pacific.  “The signing of these two new properties will further strengthen the Four Points by Sheraton brand’s presence in China. We are honored to partner with Changshu Yukun Real Estate Investment Company Limited and Shanghai You You International Plaza Company Limited to establish these two new hotels, which will be excellent additions to our portfolio in China and in Asia Pacific.  Four Points by Sheraton addresses a defined market segment, that of travelers who choose to lodge in upper-midscale hotels with an international brand and standards, and with a wide range of services at convenient rates and this clearly sets a difference from our competitors,” added Ko.

1. Four Points by Sheraton Changshu

Starwood Hotels & Resorts and Changshu Yukun Real Estate Investment Company Limited signed an agreement whereby Starwood will manage the new-build Four Points by Sheraton Changshu in Jiangsu province.  The hotel is scheduled to open in mid-2007. 

Four Points by Sheraton Changshu will be located within a mixed-use development consisting of the hotel in one tower, and retail and residential apartments in the other two towers, near the city center of Changshu, also known as one of the top 3 cities nationwide in terms of competitiveness in attracting foreign investment.  The hotel will be proximate to government buildings, banks, residential areas and manufacturing plants and will feature 340 rooms, 11,900 square feet of meeting space, three dining outlets, a health club and spa, an indoor swimming pool and a business center. 

Changshu is located strategically in the southeast of Jiangsu Province, right at the Yangtze River Delta and offers travelers abundant tourism resources in addition to its long history and rich cultural heritage.   Nearly 2,000 foreign investment entities have set up in Changshu Economic Development Zone with an accumulative foreign capital investment of USD11 billion, and visitors’ arrival to Changshu has grown at an annual rate of at least 30% since 2004.

2. Four Points by Sheraton Shanghai, Pudong

Starwood Hotels & Resorts and Shanghai You You International Plaza Company Limited signed an agreement whereby Starwood will manage the Four Points by Sheraton Shanghai, Pudong.  The hotel is scheduled to open in mid-2006. 

Four Points by Sheraton Shanghai will be located right next to the Sheraton Shanghai Hotel & Residences  ( currently under development and is expected to open in mid-2008 ) in the Pudong district of Shanghai.  The hotel is situated next to the new Shanghai World Exposition site, venue of Shanghai World Expo 2010, as well as the new Shanghai Exhibition and Cultural Center.  Four Points by Sheraton Shanghai, Pudong offers guests easy access to the city’s central business district and places of interest on both sides of the Huangpu River with the Nanpu Bridge at its doorstep. The hotel will feature 340 rooms, 11,800 square feet of meeting space, three food and beverage outlets and a health club.

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.  Shanghai expects to receive at least 4 million visitors from abroad in 2005, with domestic tourist numbers forecasted at 100 million. 

With this addition, Starwood will be able to offer travelers a choice of six upscale hotels in the exciting cosmopolitan hub of Shanghai:

  • Four Points by Sheraton Shanghai, Pudong ( opening 2006 )
  • 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
The Four Points by Sheraton brand, with 136 properties in 16 countries, is owned by Starwood Hotels & Resorts Worldwide, Inc. and is consistently rated as a top performer in the mid-priced category by business travelers, offering them international standards of accommodation, meetings, dining and recreational products and services. 

The brand was first introduced to China with the opening of Four Points by Sheraton Shenzhen in late 2004.  Other Four Points by Sheraton hotels in Asia-Pacific are located in Sydney and Geelong in Australia as well as in Chung Ho, Taiwan. 

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 Selected to Manage the 509 room Sheraton Shanghai Hotel & Residences, Pudong / April 2005
Starwood Hotels Reports 28 Hotels Open or Under Construction Throughout China / October 2004


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