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Shanghai, China,19 February2009 – Starwood Hotels
& Resorts Worldwide, Inc. (NYSE:HOT), 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
Starwood Hotels & Resorts Worldwide, Inc. has reached an agreement with
Yalong Development Company Limited, a direct subsidiary of China Cereals and
Oils Export Company to manage The St. Regis Sanya Yalong Bay Resort. The
new-build St. Regis resort will welcome travelers to Sanya of Hainan Island,
also known as the oriental Hawaii, in 2011. Being part of the integrated beach
resort, The St. Regis Sanya Yalong Bay Resort will be situated in the last
prime site along the Yalong Bay coastline with the most exclusive and exotic
location. The property will feature 402 rooms, including 27 villas,
approximately 22,000 square feet of meeting space, five restaurants and bars,
business center, health club, outdoor heated lap pool and swimming pools,
tennis court, spa and retail shops. Guests at The St. Regis Sanya Yalong Bay
Resort will delight in the hotel’s uncompromising service through the signature
Butler Service.
2.
The St. Regis Chengdu
Developed by a wholly-owned subsidiary of Chinese Estates Holdings Limited,
Evergo Enterprises (Chengdu) Company Limited, The St. Regis Chengdu will be
located in the Central Business District, next to the city main boulevard,
adjacent to the commercial zones and within 30 minutes drive from Chengdu
Shuangliu International Airport. Scheduled to open in 2014, the hotel will
feature approximately 268 rooms including 55 suites, four food and beverage
outlets, 1,400 square meters of meeting space, as well as a health club, Spa,
swimming pool and a retail shop. As the capital of Sichuan Province, Chengdu is
known as “Land of Abundance”. It is one of the most important economic centers
and transportation and communication hubs in Southwestern China.
3.
Sheraton Jiangyin Hotel
Scheduled to open in 2011, Sheraton Jiangyin Hotel will be located in the
Central Business District of Jiangyin, right across Jiangyin City Hall and next
to the city’s major tourist attraction, Huangshanhu Park. Jiangyin is the
regional agricultural, industrial and economic center of China. It is
approximately within 1 hour drive from Suzhou and 2 hours drive from Shanghai.
Owned by Huangjia Hotel Co., Ltd, the Sheraton Jiangyin Hotel will be part of a
mixed-use complex that will also include guesthouse and convention center. The
hotel will feature 296 rooms and suites, 46,877 square feet of meeting space
and convention center, three restaurants and two bars, business center, health
club, indoor heated swimming pool, spa and a gift shop.
4.
Sheraton Dalian Xinghai Hotel
Owned by Dalian Air-Way Real Estate Development Co., Ltd, Sheraton Dalian
Xinghai Hotel is the first Sheraton hotel in Dalian, and is targeted to open in
2012. Located in Xinghai Square – East Asia’s largest square in Dalian, the
Sheraton Dalian Xinghai Hotel will help guests feel they truly belong in an
area known for its fresh sea foods and beautiful views. Being part of a
mixed-use complex that will also include two residential apartments, the new
Sheraton will consist of 637 rooms and suites, three restaurants and one bar,
24,000 square feet of meeting space, indoor heated swimming pool, health club,
spa and a retail shop. Most of the hotel guestrooms will face Xinghai Square
with excellent sea view. Xinghai Bay area is planned as the new financial
business district and exhibition center of Dalian.
5.
Sheraton Bailuhu Resort, Huizhou
Starwood Hotels & Resorts has entered an agreement with Huizhou Bailuhu
Tour Enterprise Development Co., Ltd, a subsidiary of Agile Property Holdings
Limited, to manage a 438-room Sheraton resort including 2 presidential villas
in Huizhou, Guangdong, expected to open in 2012. Situated along the Bailuhu
(Egret Lake) in Ru Hu Town, the hotel is approximately 9 km from the Huizhou
city centre, 16 km from the Huizhou Airport, 60 km from Hong Kong and 100 km
from Guangzhou. The hotel will offer approximately 44,00 square feet of meeting
space, four food and beverage outlets, business center, health club, indoor
heated swimming pool, pampering spa and retail shops. Offering all of
Sheraton’s signature comforts, the resort will be part of an integrated water
and golf resort community that includes Bailuhu and a 27-hole golf
course.
Starwood Hotels & Resorts Worldwide Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with more than 930 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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