or Under Construction Throughout China
|Singapore, 13th October 2004 – Twenty years after reaching a milestone
by being the first international hotel company to sign a management contract
in China with the Sheraton brand, Starwood Hotels & Resorts Worldwide,
Inc. (NYSE : HOT) continues to lead as the largest international upscale
hotel operator in China.
Starwood’s development growth in the last 18 months has surpassed all previous years with the addition of 10 new hotels to the existing portfolio of 18 hotels in China. Upon opening, these new hotels will bring an additional 3,714 rooms to the Starwood portfolio in key and emerging business and resort destinations in China, bringing Starwood’s total upscale guest room inventory in China to 11,809.
“China is the engine of growth for Asia and we intend to continue to be a major player. China is rapidly developing not only in terms of domestic tourism but also a feeder market with a population that is eager to travel the world,” said Miguel Ko, President, Asia-Pacific, Starwood Hotels & Resorts Worldwide, Inc. “With 28 hotels open or under construction in 21 cities throughout China, under the St Regis, Sheraton, Westin, Four Points by Sheraton and W Hotels brands, we are well-positioned to cater to the growing number of international and domestic business and leisure travelers,” added Ko.
A highlight of Starwood’s expansion in China is the introduction of new international brands, including the debut of W Hotels, the world’s fastest growing collection of world-class design hotels, in China with the signing of W Hong Kong and W Shanghai. Although cities like New York, London and Los Angeles have long had a stronghold on the world’s top design hotels, Starwood has identified enormous potential in developing this genre globally and Asia presents tremendous opportunities. Other new W hotels in Asia include the newly-opened W Seoul Walkerhill and W Maldives-Fesdhu, W’s first resort scheduled to open in 2005.
Starwood Hotels & Resorts expanded its portfolio in China significantly since last year with the opening of Sheraton hotels in Sanya on Hainan Island, Dongguan in Guangdong province and Jiuzhaigou in Sichuan province in 2003. In the past 18 months, the company also signed agreements to manage new hotels in Beijing, Shanghai, Hong Kong, Guiyang, Dalian, Shenzhen, Ningbo, Xiamen and Changsha.
Recent Openings in China :
Sheraton Sanya Resort, 511 rooms Opened Jan 2003
Four Points by Sheraton Shenzhen - 300 rooms, to open Nov 2004
Corporate Communications Manager
Starwood Asia Pacific Hotels & Resorts Pte. Ltd.
6 Temasek Boulevard, #40-01 Suntec Tower Four
Tel: +65 63354837
|Also See:||Starwood to Own 50% of First W Hotels Resort, 80 room Resort to be Located on Private Island in the Republic of Maldives / May 2004|
|Ian Lien, Starwood's VP for Acquisitions and Development for Asia Pacific - Exclusive Interview with Hotel Asia Pacific / April 2002|
|Starwood's Asia Pacific President, Miguel Ko - Exclusive Interview with Hotel Asia Pacific / April 2002|