From the International Luxury Travel Market (ILTM), The Luxury Collection Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announces that the company and its owners are investing $200 million to renovate and restore some of its most celebrated hotels in Europe. The brand is already off to a strong start with the reopening of two iconic hotels in Spain this year: Hotel Alfonso XIII in Seville and Hotel Maria Cristina in San Sebastian. This will be followed by the debut of the restored Gritti Palace in Venice and Prince de Galles in Paris in 2013.
“The Luxury Collection has an intimate understanding of today’s luxury travellers who, more and more, aim to stay with a brand that offers a consistent level of impeccable service, while celebrating each hotel's heritage and unique character,” said Paul James, Global Brand Leader, The Luxury Collection Hotels & Resorts, St. Regis and W Hotels Worldwide. “We are delighted to reintroduce these historic icons, carefully restored by some of the world’s most renowned architects, interior designers and craftsmen who have preserved the authentic elegance and distinct personality so beloved by its guests, while bringing the landmark hotels into the 21 st century.”
The Luxury Collection is an ensemble of more than 80 of the world’s finest hotels and resorts around the world, spanning 30 countries, offering the brand’s signature concierge service, luxury amenities and indigenous cultural experiences. There are currently 40 Luxury Collection hotels in Europe, Africa and Middle East and the four restored hotels in Spain, France and Italy will reinforce the brand’s distinguished portfolio as portals for guests to discover new, exciting destinations throughout the region.
“As part of Starwood’s strategy to strengthen our Luxury Collection brand portfolio and as the world’s leader in luxury hospitality, we are making major investments to renovate and restore some of our most distinguished hotels,” comments Roeland Vos, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. “The refurbishment of these legendary hotels allows us to continuously exceed guest experiences by offering unparalleled service and authentic experiences that reflect the local spirit of the destination.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV