White Plains, NY – October 31, 2011 – Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and Sunstar Hotel & Development, S.A. today announced the opening of the Sheraton brand’s first all-inclusive resort – The Sheraton Bijao Beach, Panama. The hotel marks the second Starwood all-inclusive resort in
The beachfront resort features 294 guest rooms and suites with views of the
“We’re thrilled to launch our first all-inclusive Sheraton resort in a destination that is seeing significant growth,” said Hoyt Harper, Global Brand Leader, Sheraton Hotels & Resorts. “The
The opening of the Sheraton Bijao Beach Resort is the latest addition to the brand’s portfolio of more than 60 resorts and is part of the Sheraton brand’s strategic global expansion plan that will add more than 70 new hotels and over 23,000 rooms to the Sheraton portfolio over the next two years.
The Sheraton Bijao Beach Resort overlooks a spectacular stretch of beach in the
Starwood has spent the last few years renovating and rebuilding one of the hotel industry’s most iconic brands and Sheraton now stands better than ever with the strongest portfolio in its history. The brand is gaining market share, RevPAR continues to rise, guest satisfaction scores are the highest in the brand’s history and likelihood to return, likelihood to recommend and meeting planner and associate engagement scores are also at all-time highs – signaling that guests are taking notice and rediscovering the new Sheraton, and increasing the brand’s appeal to owners and developers.
About Starwood Hotels & Resorts
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,058 properties in 100 countries and territories with 145,000 employees at its owned and managed properties. Starwood Hotels 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, and the recently launched Aloft®, and Element SM. 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 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.