Starwood to Open 35 Hotels in the Middle East by 2017
May 5, 2014 12:31pm
“Rising wealth and ever greater global connectivity are driving new travel patterns and demand for travel, creating a once-in-a-lifetime growth opportunity for our industry,” said President & CEO Frits van Paasschen. “With Starwood’s long-established presence, local teams and strong relationships in the Middle East, which we further deepened during last year’s month-long re-location of our headquarters to Dubai, we are uniquely positioned to take advantage of these trends.”
Starwood Continues Dynamic Expansion in the UAE and Saudi Arabia, and Re-Enters Iraq
Earlier this year, Starwood marked its entry into the Emirate of Ajman with the opening of Ajman Saray, a Luxury Collection Resort. The company continues to strengthen its presence in Dubai and will open a new Sheraton hotel on Sheikh Zayed Road this September, marking Starwood’s 15th hotel in Dubai, the company’s second largest hotel market behind only New York City, which has 21 hotels. The UAE is the largest growth market for the company in the Middle East with plans to have more than 30 Starwood hotels by 2017.
Starwood currently has 10 hotels in Saudi Arabia with another eight properties in the pipeline. Upcoming openings in the Kingdom include three new hotels in Makkah – Sheraton, Westin and Four Points by Sheraton – adding nearly 1,500 rooms to the Holy City. The Aloft brand will debut in Saudi Arabia with Aloft Riyadh in 2015.
Continuing to leverage its first-mover advantage with the Sheraton brand, Starwood will re-enter Iraq after two decades with the milestone opening of Sheraton Dohuk in October. Starwood will also open three hotels in Erbil under its Sheraton, Aloft and Four Points by Sheraton brands by 2017.
Hotel Conversions Accelerate Starwood’s Growth Momentum
Following last year’s successful conversions of Sheraton Dubai Mall of the Emirates and Four Points by Sheraton Riyadh Khaldia, the company will unveil three new conversions in 2014. Opening in July, The Westin Bahrain City Centre and Le Méridien Bahrain City Centre will mark the debut of both brands in Bahrain. Grand Hills, a Luxury Collection Resort, Broumana will be the first Luxury Collection hotel in Lebanon when it opens in November after an extensive renovation.
“Our steady pipeline of new hotels and conversions in the Middle East represents the huge development opportunities this region offers for our nine brands,” said Simon Turner, President of Global Development. “We’ve seen a real shift in our portfolio from primarily upper-upscale hotels to a more balanced mix today, with the continued growth of our luxury and mid-market brands. Our growth in this important market demonstrates the trust owners have in our world-class brands and interest to tap into Starwood’s distribution network and globally-recognized loyalty program.”
Starwood to Grow Luxury and Mid-Market Portfolios by more than 50%
Starwood is seeing rapid growth of its contemporary, design-led W Hotels brand. Following the successful launch of the brand in the region with the opening of W Doha in 2009, Starwood plans to open five more W Hotels across the Middle East, including two in Dubai and one each in Abu Dhabi, Muscat and Amman in the next few years. These, together with upcoming St. Regis and Luxury Collection hotels, will more than double Starwood’s luxury footprint in the region by 2017.
Starwood’s mid-market brands Four Points by Sheraton and Aloft continue to expand across the Middle East where there is a strong demand for reliable and affordable hospitality. The company will more than double its mid-market portfolio in the region with openings including the addition of six new Aloft hotels across Iraq, Saudi Arabia and the UAE.
Continued Enhancement and Expansion of Upper-Upscale Brands
Starwood’s upper-upscale brands – Sheraton, Le Méridien and Westin – represent almost half of the company’s pipeline in the Middle East. The Sheraton brand is leading this growth with seven hotels under development. Upcoming openings include established and emerging destinations such as the UAE, Saudi Arabia, Iraq, Tajikistan and Pakistan. Renowned for its distinct wellness positioning, Westin will more than triple its presence in the Middle East across the region by 2017.
As Starwood continues its extensive expansion across the Middle East, the company is also focused on upgrading a quarter of its existing portfolio of hotels in the region, primarily under the Sheraton and Le Méridien brands. Recently renovated hotels include Sheraton Dubai Creek Hotel & Towers, Le Royal Méridien Beach Resort & Spa and Le Méridien Mina Seyahi Beach Resort & Marina in Dubai, as well as Le Royal Méridien Abu Dhabi. Starwood also recently added 200 rooms to Le Méridien Dubai Hotel & Conference Centre.
“Together with our partners, we continue to make significant investments to enhance our hotels across the region,” said Michael Wale, President, Europe, Africa and Middle East. “These renovations will ensure that our properties are operating under the latest brand standards, complementing the personalized service and distinctive lifestyle experiences we offer as we maintain our leadership position in the competitive Middle Eastern market.”
Contact: Carrie Bloom, Starwood Hotels & Resorts, Global Communications
Contact: Chandan Belani, Starwood Hotels & Resorts Middle East, Regional Director of Communications
+97150 506 8465
Contact: ASDA’A Burson-Marsteller - Maitha Ahmed
Marriott's Bid for Starwood Challenged in Lawsuit by Hotel Owners
Starwood Reports Q1 2016 Net Income of $90 million Compared to $99 million in Q1 2015; Adjusted EBITDA was $281 million
Marriott Counters – Starwood Accepts
Marriott International Responds to Starwood’s Notice of Merger Termination
Starwood Determines Anbang Proposal Superior; Notifies Marriott of Intention to Terminate Merger Agreement
Marriott International Reaffirms Commitment to Merge with Starwood Hotels and Resorts Worldwide
Starwood Receives Takeover Bid Proposal from Consortium Led by Chinese Firm Anbang for $76 a Share
Marriott and Starwood Clear Antitrust Review Paving Way for Proposed Acquisition
Starwood Reports Fourth Quarter 2015 Results: Net Income of $166M Down from $234M in the Year Ago Qtr.; Worldwide RevPAR up 2.8%
Starwood & Developer Nakheel Enter Agreement for The St. Regis Dubai, The Palm, to be a Part of The Palm Tower
Starwood and Ningxia Minsheng Real Estate Enter Agreement for Development of Element Yinchuan Hotel
Hyatt in Talks to Acquire Starwood?
Q3 2015 Financial Reports Round Up: Hilton and Starwood
Construction Commences for Starwood's Dual-Branded W and Element Hotel in Downtown Philadelphia
Fitch Ratings: Hotel and Lodging Radar Screen
St. Regis Istanbul Opens; Starwood on Track to Open 40 Hotels in Europe in Next Five Years
Starwood Reports Q2 2014 Net Income of $153M; Systemwide RevPAR Up 5.3%
Starwood Plans to Reach 70 Hotels and Resorts Across Canada in Next 12 Months
Starwood Hotels & Resorts Appoints Achim Lenders to Oversee Global Food and Beverage Strategy
Slated to Debut in 2016, BAAC Pty Ltd & Starwood Hotels Bringing Aloft Perth Rivervale to Australia
Please login or register to post a comment.