Le Méridien Returns to Mexico
In 2012, Le Méridien returned to Mexico with the opening of Le Méridien Mexico City in November. Since its 2005 acquisition by Starwood Hotels & Resorts, both Starwood and its hotel ownership groups have transformed Le Méridien into a contemporary, design-led lifestyle brand. The brand has a significant growth pipeline with seven new hotels expected to open within the next 12 months around the globe.
Best Positioned in Luxury
Starwood continues to build on its extensive global luxury portfolio, under the St. Regis, The Luxury Collection, and W Hotels brands. In 2013, the company will open Palacio del Inka, a Luxury Collection hotel in Cusco that will join two other properties in Peru. In addition, the company has signed an agreement to open a new hotel Luxury Collection hotel in Guadalajara, Mexico. With 85 hotels in 30 countries, The Luxury Collection remains Starwood’s largest luxury brand, and with its appeal to independent hotel owners it continues to grow, increasing its global footprint by 70% since 2007.Starwood also plans to open four new W Hotels, including W Bogota in summer 2014, W Santa Fe in Mexico City in 2015, and W Retreat Kanai Rivera Maya and W Panama City in early 2016. And, with already two St. Regis hotels in Mexico, the brand expects to open its third in the country with the inauguration of the St. Regis Kanai Rivera Maya, slated to open in 2016. For more information, please visit: www.starwoodhotels.com. About Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,134 properties in nearly 100 countries and 171,000 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.)