LJUBLJANA, Slovenia - December 30, 2013 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced the signing of Four Points by Sheraton Ljubljana Mons. Owned by Kranjska Investicijska Družba d.o.o., the hotel will mark the entry of Starwood into Slovenia when it opens in 2014. Four Points by Sheraton Ljubljana Mons will be located just 10 minutes from the centre of Slovenia's capital city Ljubljana and 15 minutes from the international airport. This deal underscores Starwood's strategic expansion plans to open more than 50 hotels across Europe over the next five years.
Starwood's Four Points by Sheraton provides travellers with timeless design, uncomplicated comfort and genuine hospitality and service plus other extras like fast and free WiFi and free bottled water to help stay productive on the road.
"I would like to thank Kranjska Investicijska Družba for choosing the Four Points brand as we open our first Starwood hotel in Slovenia," said Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. "With a steady increase in international arrivals over the last few years and its strategic location at the crossroads of main European cultural and trade routes, the time is right to enter Slovenia. Four Points will provide guests with a fresh, new hotel experience at an affordable price point in the country's capital city."
"We are very excited to partner with Starwood Hotels & Resorts to introduce an internationally-known brand such as Four Points by Sheraton to the Ljubljana hospitality market," said Jože Anderlic, Owner and Director of Kranjska Investicijska Družba. "We believe that Four Points by Sheraton is the perfect match for our property. As the first global hotel brand in Ljubljana, Starwood Hotels & Resorts will both strengthen the competitive position of our hotel in the local market and further stimulate the hotel industry in Slovenia."
Four Points by Sheraton Ljubljana Mons will feature 114 guest rooms including three junior suites, a restaurant and bar, nearly 850 square metres of meeting and event space, including a large ballroom, two meeting rooms and three boardrooms, as well as a fitness centre and parking facilities. Reflecting the brand's promise and insight into the needs of today's traveller, the hotel will also offer all of the brand's defining elements, including the signature Four Points by Sheraton Four Comfort bed and free bottled water in the room, complimentary WiFi in all public areas, a delicious breakfast with great coffee and refreshing local beer with Best Brews™, helping guests to start and end the day right.
"Growing our mid-market brands in key European markets is core to our development strategy," said Bart Carnahan, Senior Vice President Acquisitions & Development, Starwood Hotels & Resorts, Europe, Africa & Middle East. "Four Points by Sheraton has one of the strongest pipelines in the Starwood brand portfolio and continues to be an increasingly attractive choice for owners and developers."
The Four Points by Sheraton Ljubljana Mons is a conversion of an existing hotel. It will be added to the Four Points by Sheraton portfolio following a renovation and re-branding process and is part of Starwood's strategic development plan to convert hotels throughout key locations across Europe, Africa and the Middle East.
About Four Points by Sheraton
Comfort isn't complicated: With over 175 Four Points by Sheraton hotels in more than 30 countries, travelers can find the timeless style and comfort they're looking for with genuine service and everything that matters most, all around the world. From Santiago to Shanghai and Milan to Milwaukee, Four Points hotels can be found in big urban centers, by the airport, near the beach, and in the suburbs. A recent $1 billion invested in renovations, conversions, and new-build hotels has made the brand stronger than ever. Four Points by Sheraton, like all brands within Starwood's portfolio, is proud to offer the Starwood Preferred Guest® program, the industry's richest loyalty program. To learn more, visit www.spg.com.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,169 properties in nearly 100 countries and 171,000 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 Element. 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.starwoodhotels.com.
About Kranjska Investicijska Družba d.o.o.
Kranjska Investicijska Družba d.o.o. is the leader in Slovenian real estate development. Over the past 20 years, the company has developed and constructed office buildings, luxurious residential real estate, shopping malls, parking garages and a hotel with a total net area of over 200,000 sqm in premium locations in Ljubljana. For an internationally recognised client, Slovenian subsidiary of Aldi-Süd/Hofer group, the company developed over 1.1 million sqm of building plots in Slovenia, on which 73 Hofer supermarkets are already operating. Moreover, for the same client, the company developed a logistic center on 26 ha site with 75,000 sqm of warehouse space. At the moment the company is working on real estate projects in Vienna and Graz as well as other prosperous locations in Europe.
Contact: Starwood Hotels & Resorts, Amy Rosen