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Atlanta, GA, May 4, 2012 – It’s spring in Atlanta and the forecast is
hot for the mid-market Specialty Select Brand group of Starwood Hotels &
Resorts Worldwide, Inc. (NYSE: HOT) from the the 2012 Asian American Hotel
Owners Association (AAHOA) annual convention, with an outlook of fast-paced
global growth.
Starwood’s mid-market portfolio, which includes Aloft, Element and Four Points
by Sheraton, is expected to open its milestone 250th hotel by the
end of the year, with 26 more hotels scheduled to debut in 2012. In North
America alone, Starwood expects to open another 14 mid-market hotels before the
end of the year, bringing its total in North America to 175. Starwood’s
mid-market portfolio has grown over 40 percent since the first quarter of 2009
reflecting its worldwide appeal.
“By continuing to exceed expectations of our guests and our partners, our
mid-market brands are fueling their own growth,” said Simon Turner, President
of Global Development for Starwood. “Aloft, Element, and Four Points have
earned a loyal and growing fan base, and continue to attract broad new segments
of global travelers. And for developers in a huge range of markets, the
popularity and positioning of the brands combined with flexible development
options and cost efficient operating models make them highly sought
after.”
With over 1,100 Starwood properties now open in nearly 100 countries,
Starwood’s mid-market brands are a significant part of Starwood’s growth
momentum:
Aloft: Aloft’s stylish global conquest continues. The brand
recently unveiled a burgeoning global pipeline expected to bring the brand to
70 hotels around the world in 2013. Nearly every corner of the globe will
see Aloft openings in 2012 and 2013, including expanded footprints across
China, India, Malaysia, and North America. Aloft’s first conversion
project, Aloft San Francisco Airport, is also set to open this fall, ramping up
a new channel for global growth.
Element: Starwood’s trailblazing eco-wise brand, Element rang in 2012
with the February debut of Element
Miami International
Airport, its tenth property and the first in Florida. The property
typifies the “balance” that Element offers to business and leisure
travelers. The Element brand will also make its international debut in
2013 with the opening of Element Vaughan Southwest in Ontario, Canada, and New
Jersey will get its second Element hotel in 2013 in Element Harrison.
Four Points by Sheraton: Rocketing into 2012 on a surge of global
growth, Four Points by Sheraton boasts Starwood’s second-largest pipeline,
including 24 new hotels set to open this year – and the milestone opening of
its 175th property. Four Points will debut a total of 11
properties in the U.S. in 2012. In China, one of the hottest growth markets for
both Four Points and Starwood, the brand will open seven new hotels this
year. Four Points will make its debut in Saudi Arabia and the Dominican
Republic; new Four Points properties will also open in Malaysia and Canada.
With the scheduled openings, Four Points will command a presence in 30
countries and territories, up from 28 at the end of 2011.
Exceptional guest ratings, high praise from partner/developers, and acclaim
from the media continue to propel Starwood’s mid-market brands to the top of
their category, said Brian McGuinness, Starwood’s Senior Vice President,
Specialty Select Brands. “The singular personalities of our mid-market
Specialty Select Brands are translating beautifully all over the world, and our
growth reflects that,” he said. “Aloft, Element, and Four Points match unique
brand personalities with outstanding guest experiences, and fuel continued and
consistent growth.”
Starwood created a dedicated group for its mid-market Specialty Select Brands
in 2009 to optimize support for franchise owners and hotels. A separate
unit remains fully dedicated to Starwood’s Full Service franchise hotels,
including Le Méridien, The Luxury Collection, Sheraton and Westin.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with 1,103 properties in nearly 100 countries
and 154,000 employees at its owned and managed properties. Starwood 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, Aloft®, and ElementSM . 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 also owns Starwood Vacation
Ownership, Inc., a premier provider of world-class vacation experiences through
villa-style resorts and privileged access to Starwood brands. For more
information, please visit www.starwoodhotels.com.
