Sheraton, Westin and Le Méridien, Starwood’s upper upscale brands, enjoyed a strong year of growth with the opening of a flagship Manhattan property, The Westin New York Grand Central, and the addition of nearly 7,000 rooms in China. Openings included the Sheraton Macao Hotel, Cotai Central - the largest Starwood hotel to open worldwide in 2012 and, upon completion, the largest hotel in Macao. Conversions increased during the year in North America and Latin America, and included the openings of The Westin Lake Las Vegas, Le Méridien Arlington, The Westin Snowmass Resort, Sheraton Vitoria in Brazil, and Le Méridien Mexico City in Mexico, among others.
Starwood’s mid-market brands, Four Points by Sheraton, Aloft and Element, saw the most openings since 2009. In 2012, the company opened the largest number of Four Points by Sheraton hotel rooms in over 10 years. Aloft saw a meaningful increase in signings, with strong conversion momentum, including the opening of hotels at San Francisco Airport and in Nashville. Aloft also opened in new global markets, including Zhengzhou Zhengdong in China, the company’s fifth Aloft in China, and San Jose in Costa Rica, the company’s second Aloft in Latin America and first in Costa Rica. Element made its South Florida debut with a new hotel at the Miami International Airport. Starwood expects its robust mid-market portfolio growth to continue in 2013 and will celebrate the opening of its milestone 250 th hotel early in the year.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,128 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.(Note: This press release contains forward-looking statements within the meaning of federal securities regulations. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties and other factors that may cause actual results or events to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results and events will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.)
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