St. Regis and Sheraton deals reinforce Starwood's position in China

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Starwood Hotels & Resorts Worldwide, Inc., the largest international upscale hotel operator in China with 47 existing properties, announces the addition of five new hotels to its growing portfolio. The new signings include the first St. Regis resort in Sanya; the first St. Regis hotel in Chengdu, Sichuan; the first Sheraton hotels in Jiangyin and Dalian; and a second Sheraton resort in Huizhou, Guangdong.

Focused on opening the right properties in the right places with the right partners, Starwood remains on track with plans to double its footprint in China by 2011 with 50 hotels in the pipeline. In 2009, the company will open more than 10 high caliber, best-in-class hotels throughout China, including Le Meridien Xiamen, The Westin Nanjing, Sheraton Qingdao and Four Points by Sheraton Guangzhou.

“Starwood’s long term growth opportunity in China is perhaps unsurpassed anywhere in the world. China is home to the largest number of our hotels outside of North America, and more importantly, it comprises the largest portion of our pipeline outside of the United States,” said Frits Van Paasschen, President and Chief Executive Officer of Starwood. “As a point of perspective, within two years we expect to have a presence in Shanghai that rivals our existing footprint in New York City, where we have a strong representation of more than a dozen hotels and growing.”

In 2008, Starwood opened eight new hotels in the China region including its first W Hotel in China; the first Aloft Hotel in Asia; Four Points by Sheraton Hangzhou, Binjiang; Four Points by Sheraton Changshu; Sheraton Huizhou Resort; The Westin Beijing Chaoyang; Four Points by Sheraton Beijing, Haidian; and Le Meridien Shimei Bay Beach Resort & Spa.

Starwood to bring two new St. Regis and three new Sheraton hotels to China
1. The St. Regis Sanya Yalong Bay Resort
2. The St. Regis Chengdu
3. Sheraton Jiangyin Hotel
4. Sheraton Dalian Xinghai Hotel
5. Sheraton Bailuhu Resort, Huizhou

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Theodore Koumelis

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