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BERLIN – March 9, 2009 – From the International Hotel Investment
Forum (IHIF) in Berlin, Starwood Hotels & Resorts Worldwide, Inc (NYSE:
HOT) announces today the opening of W Doha Hotel & Residences in Qatar –
marking the entrance of W Hotels in the Middle East. W Doha is illustrative of
Starwood’s market leading growth around the world as the company plans to open
between 80 and 100 hotels this year, including its 1,000th
property.
With a focus on working with the right partners on the right properties in the
right places, Starwood remains on track to increase its global portfolio by 40
percent over the next five years. As part of its global expansion, the
company plans to open 50 new hotels in Europe, Africa and the Middle East
(EAME) by 2012. By working closely with its proven development partners,
Starwood is able to open these high caliber, best-in-class hotels around the
world, even during challenging economic times.
Momentum in Central and Eastern Europe drives Starwood’s EAME pipeline and
accounts for nearly half of all new projects. Particularly strong markets
include Russia, Ukraine and other economies in Eastern Europe like Czech
Republic and Hungary. Starwood currently operates 250 hotels in EAME,
with 116 in Central, Eastern Europe, Italy and the Balkans. There are 35
projects in development in these territories. The Middle East and North
Africa also offer exciting growth opportunities, with multiple signings in
Saudi Arabia, the United Arab Emirates, Libya, Madagascar and Mauritius in 2008
across all Starwood brands. At the same time the company continues to expand
opportunistically in established, high-profile destinations such as London,
Paris, Barcelona and Milan.
W is a key contributor to the company’s growth in EAME. Since 2007,
Starwood signed nine deals to open W Hotels in the region, in vibrant primary
destinations such as Milan, St. Petersburg and Amman, and most recently adding
Marrakech, London, Manchester and Paris to its pipeline. Starwood expects
to open an additional 11 W Hotels around the world this year, including W
Barcelona – a 473-room waterfront hotel scheduled to open in autumn 2009. The
hotel follows the W Istanbul as the brand’s second open hotel in Europe and its
first in Spain and the Mediterranean.
“W began as a New York wonder, grew to be an American phenomenon and is now
becoming a global powerhouse in the design-driven luxury space with 10 years of
proven success,” said Frits van Paasschen, Chief Executive Officer of Starwood.
“With plans to nearly triple its footprint of 27 hotels by 2011, W has the
strongest growth momentum of any luxury hotel brand in the most sought after
markets in Europe and the world.”
“We are proud to play such an important part in the W brand’s growth success
story and in the growth of Starwood’s other brands,” says Roeland Vos,
President, Starwood Hotels & Resorts EAME. “Our division represents a
crucial part of Starwood Hotels & Resorts’ future pipeline of more than 400
hotels. We are making landmark entries into key destinations.”
Along with W, each of Starwood’s compelling and distinctive lifestyle brands
continues to grow in the region. St. Regis, recognized globally as the
preeminent luxury hotel brand, is developing world-class hotels in Doha,
Bahrain, Abu Dhabi, Mauritius and Cairo. Europe continues to be a stronghold
for The Luxury Collection, featuring flagship properties such as Hotel
Imperial, Hotel Danieli and the Marqués de Riscal. The Luxury Collection
recently added several exceptional resorts in Spain and Greece, including the
newly opened Mystique, a Luxury Collection Resort.
Sheraton Hotels & Resorts has long been the dominant upper-upscale brand in
EAME, and the brand continues to grow in both established and emerging markets
with hotels under development in Libya, Poland, Slovakia, Latvia, Kazakhstan,
and throughout Africa. In April, Starwood will officially open Sheraton
Prague Charles Square Hotel.
In 2009, The Westin Grand Munich Arabellapark will open, adding to the 2008
openings of The Westin Dubai Mina Seyahi, The Westin Grand Frankfurt and The
Westin Cape Town Arabella Quays. Recent signings for the Westin brand include
new hotels in Abu Dhabi and the United Kingdom.
Le Méridien, which Starwood acquired in 2005, continues to grow with new hotels
scheduled to open in key markets like Prague, St. Petersburg, Doha and Cairo.
This year, the brand known for its European heritage makes inroads in North
America, with plans to open hotels in Dallas and Philadelphia.
In 2008, Starwood opened its first Aloft hotel. This year, the brand will
open its first hotel in the EAME region with the Aloft Abu Dhabi, and
construction of the Aloft Brussels is well underway. Starwood has already
opened nearly 20 Aloft hotels in North America and one in China, and plans to
more than double its footprint globally this year.
Starwood’s green trailblazer, Element, also launched in 2008 with two
properties open and five more slated to open in 2009. And the brand will
soon expand into EAME with the recent signing of an Element hotel in Abu
Dhabi.
Starwood’s established select serve brand, Four Points by Sheraton, boasts one
of the company’s largest pipelines worldwide. Consistent with this growth is
the brand’s momentum in EAME where it will open hotels in Madagascar, Libya and
Saudi Arabia, following recent flagship openings in Dubai and Zurich.
About W Doha
W Doha features 291 guest rooms, including 31 suites and 154 W Residences, the
signature W Living Room experience, Chef Jean-Georges Vongerichten’s Spice
Market and Market by Jean-Georges restaurants, the signature Bliss spa, a
poolside outdoor shisha lounge, champagne bar, event space, and luxury retail
space. W Doha, located in the West Bay of Doha on the Qatar peninsula, is the
brand’s second addition in the division of Europe, Africa and the Middle East
following the brand’s debut in May 2008 with the opening of W Istanbul.
Standing right across from the popular City Center mall, the W Doha is only a
15-minute drive from the airport. Doha’s beautiful Corniche, as well as beach
and water sports facilities are just 5 minutes away by car, while the
challenging greens of the Doha Golf Club are a quick 10 minute drive.
About Starwood Hotels & Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with more than 940 properties in approximately
97 countries and 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 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.
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