News for the Hospitality Executive
Starwood Signs Management Agreements to Operate Westin
in Hyderabad, Pune and Kolkata, India
| WHITE PLAINS, N.Y. & SINGAPORE - November 29,
2007 - Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) continues
its aggressive expansion in Asia Pacific, announcing agreements to manage
three new Westin hotels in three of the fastest growing markets in India.
In Hyderabad, the biotechnology hub of India, Westin will open The Westin
Hyderabad, Mindspace. The second new addition – The Westin Pune, Koregaon
Park - will be in Pune, an emerging destination for banking and financial
services. The third hotel – The Westin Kolkata, Rajarhat – will be in Kolkata,
the commercial and trading hub of India. The Westin hotels in Hyderabad
and Pune are scheduled to open in 2009, while The Westin Kolkata, Rajarhat
will open in 2010.
“Westin’s new hotels in Hyderabad, Pune and Kolkata further accelerate our plans to become one of the most recognizable brands in India, both in gateway cities and emerging commercial centers,” said Miguel Ko, President, Starwood Hotels & Resorts, Asia Pacific. “The Westin promise to invigorate and renew guests during their stay will undoubtedly appeal to international guests who have traveled a long way to reach the bustling economic hubs of India.”
India is the fastest growing market in Asia Pacific for international tourist and corporate spending. Westin is well positioned to serve the growing numbers of visitors to India, with three previously announced hotel developments across the country, including hotels in Gurgaon, Sohna and Bangalore.
“Westin is truly at the forefront of hotel development in the world’s most exciting markets, and these new hotels in India represent a unique opportunity for the brand to gain a greater foothold in a country experiencing remarkable economic growth,” said Sue Brush, Senior Vice President, Westin Hotels & Resorts. “In addition to superior service and luxurious accommodations, Westin offers guests a sensory-rich environment and a host of signature amenities that will restore mind, body and soul after a long journey.”
The Westin Hyderabad, Mindspace
The Westin Hyderabad, Mindspace will invigorate and refresh guests during their stay in the energetic city of Hyderabad, the sixth largest city in India. In the last five years, Hyderabad has emerged as the country’s leader in bio-technology and life sciences. It is also a bustling center of economic, cultural and commercial activity and a key center for software development and information technology research.
Featuring 428 rooms, the new Westin will be located near the emerging central business district of Cyderabad-Madhapur, with convenient access to HITEC, India’s most modern venue for exhibitions, conferences and trade shows. The combined hotel and residences will also be just a short ride from the new international airport, expected to open in early 2008.
The new property will be the cornerstone of The Mindspace Cyberabad Project, a mixed-use development which will also contain offices and a 700,000 square-foot mega mall and multiplex. In addition to the Westin brand’s full menu of signature services, the hotel will boast four restaurants and bars, 12,000 square feet of meeting and function space, Heavenly Spa by Westin and a business center.
The Westin Pune, Koregaon Park
Located in the cultural capital of Maharashtra state, The Westin Pune, Koregaon Park will serve the growing number of travelers to a city that is quickly establishing itself as a convention destination and leading center for financial services. A popular site for state-of-the-art information technology campuses, Pune is just a 20 minute flight from the financial capital of Mumbia and a two hour flight from the national capital, New Delhi.
The Westin Pune, Koregaon Park will feature 277 guest rooms, including 31 suites, four restaurants and bars, more than 12,000 square feet of meeting and function space, and a business center. At the hotel, guests can indulge in the Westin brand’s full array of refreshing signature amenities including the Heavenly Bed, Heavenly Spa by Westin and sensory welcome – all designed to help guests leave the hotel feeling better than when they arrived.
The new hotel will be part of a mixed-use development project spread over eight acres, offering more than 140,000 square feet of office space in addition to the hotel. The project will be situated close to the center of Pune in Koregaon Park, with convenient access to the airport and numerous high-end commercial and residential developments. In addition to developing a mass transit system, Pune is actively working to attract more business and investment by building a 16 million square feet space to accommodate further growth in its IT sector and house additional convention facilities.
The Westin Kolkata, Rajarhat
Located in a prime spot in Rajarhat, the new central business district of Kolkata city, The Westin Kolkata, Rajarhat will refresh and renew visitors to this dynamic city. Kolkata is the capital of West Bengal and the regional hub for companies operating in the northeastern region of India. The hotel will be a key part of an eight-acre, mixed-use development consisting of hotel, offices, residences and retail shops. The Westin hotel will be housed in a tower that will soar more than 1,000 feet into the sky, giving the new development a high degree of visibility.
The new Westin will offer 323 guestrooms, including 31 suites, as well as five restaurants and bars, more than 21,000 square feet of meeting space, Heavenly Spa by Westin, an outdoor swimming pool, WestinWORKOUT gym and business center.
About Westin Hotels & Resorts
Westin Hotels & Resorts, with 150 hotels and resorts in more than 31 countries and territories, is owned by Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT). Starwood Hotels & Resorts is one of the leading hotel and leisure companies in the world with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le Meridien® and the recently announced AloftSM and ElementSM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
(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.)
|Also See:||Seven Existing Sheraton Hotels in India Will be Re-flagged Under Starwood’s The Luxury Collection Brand / April 2007|