STAMFORD,
Conn.--Jan. 8, 2013
-- Accelerating portfolio growth in Latin America, Starwood Hotels
& Resorts Worldwide, Inc. (NYSE: HOT) today announced the opening
of its second Westin hotel in Panama. Ideally located in Costa del
Este, Panama City’s newest, upscale corporate and financial center, The
Westin Panama is the third Starwood property developed and operated by
Bern Hotels & Resorts, Panama’s largest hotel developer and
operator. With the opening of The Westin Panama, Starwood Hotels now
has seven hotels in Panama.
“We are delighted to expand our partnership with Bern Hotels &
Resorts and open another spectacular Westin hotel in Panama, Latin
America’s fastest growing market and a strategic business hub,” said
Osvaldo Librizzi, Co-President of Starwood Hotels & Resorts
Americas. “In the past few years, Starwood has emerged as one of the
leading global hospitality companies in Panama, which is experiencing
an influx of foreign investment and large-scale infrastructure
improvements, including the soon-to-be-completed enlargement of the
Panama Canal.”
The Westin Panama boasts 218 rooms, including 45 suites, world-class
dining and 14,460 square feet of state-of-the-art meeting and function
space. The newly constructed hotel is a key element of the Costa del
Este financial center, which includes several luxurious real estate
developments, numerous multi-national corporate offices and a boardwalk
lined with shops and restaurants. Costa del Este is just 15 minutes
from downtown Panama City and less than 30 minutes from Tocumen
International Airport via the Corredor Sur.
“Global travelers now have the option of staying with Westin in more
than one great location within Panama, as we continue to aggressively
expand the brand throughout Latin America,” said Brian Povinelli,
Global Brand Leader for Westin Hotels & Resorts. “The phenomenal
success of the Westin brand’s distinct wellness positioning has
attracted great interest among owners and developers in many of the
world’s fastest growing economies.”
Starwood’s portfolio in Latin America continues to grow. More than
2,500 rooms were added to in the past 24 months, representing an
increase of 20 percent after the opening of The Westin Panama.
Contributing to that growth, Westin has nearly doubled its portfolio in
Latin America in just the past 18 months as part of the brand’s
strategic expansion in emerging markets. With the opening of The Westin
Panama, Westin now has 12 hotels in Latin America, spanning five
countries including Panama, Mexico, Peru, Costa Rica and Guatemala. On
track to open its 200th hotel in 2013, Westin will open the vast
majority of its new hotels outside of North America.
The sensory-rich environment at Westin offers a respite from the rigors
of travel and sets a welcoming tone. The Westin brand’s innovative
programs and instinctive service transform every aspect of a guest’s
stay into a revitalizing experience. All guestrooms and suites at The
Westin Panama feature the world-renowned Westin Heavenly® Bed – an
oasis of lush sheets, down and a patented pillow-top mattress, which
cradles and contours to the body for truly restorative sleep. Guests
can revive in the Heavenly® Bath enhanced with the brand’s
Heavenly® Shower, Heavenly® Robe and White Tea Aloe bath
amenities, in-room and high-speed Internet access. The hotel also
offers the Westin brand’s signature SuperFoodsRX® menu, which
includes nutrient-rich and delicious options to tempt every palate.
“We are proud to open The Westin Panama, following the recent opening
of The Westin Playa Bonita Resort & Spa,” said Glen Champion,
Vice-president of Bern Hotels & Resorts Panama. “Our partnership
with Starwood has accelerated the introduction of high-caliber global
hotel brands in Panama, one of the most dynamic markets in Latin
America.”
For more information on Westin Hotels & Resorts, please visit www.westin.com, Facebook or follow Westin on
Twitter.
About Westin Hotels & Resorts
(NYSE: HOT). 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
SuperFoodsRX® and WestinWorkout® studio – have been designed
with the guests’ well-being in mind. Westin hotels, with more than 186
hotels and resorts in nearly 40 countries and territories, is owned by
Starwood Hotels & Resorts Worldwide, Inc.Starwood Hotels &
Resorts Worldwide, Inc. is one of the leading hotel and leisure
companies in the world with 1,128 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.westin.com
About Bern Hotels & Resorts
Bern Hotels & Resorts Panama is the tourism and hotels division of Empresas Bern, a Panamanian
company with 35 years of experience in the development of Real State
and Sales, Construction, Investment and with a big compromise with
educational programs. Bern Hotels & Resorts currently operates
eight hotels in Panama City; five city hotels including Le
Méridien Panama and the new The Westin Panama, and three resorts
including The Westin Playa Bonita.
(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.)