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TheStreet Open House

Four Points By Sheraton Expands Footprint In British Columbia

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that its Four Points by Sheraton brand continues its rapid expansion across Canada with the opening of Four Points by Sheraton Kelowna Airport. Owned by Argus Properties, Ltd. and managed by Pacrim Hospitality Services, Four Points by Sheraton Kelowna Airport offers 120 rooms and 4,500 square feet of market-leading meeting facilities in a convenient location near both the airport and downtown Kelowna. It is the 24th Four Points hotel to open in Canada, where the brand is on track to reach 27 hotels by the end of 2013.

“We are delighted to debut Four Points by Sheraton in Kelowna as demand for the brand continues to rise in dynamic markets across Canada,” said Brian McGuinness, Senior Vice President of Specialty Select Brands for Starwood. “At Four Points by Sheraton Kelowna Airport, guests will enjoy an honest value, genuine service, and all the amenities they need to stay productive on the road.”

Four Points by Sheraton Kelowna features full-service dining, swimming pool with waterslide, 24-hour fitness and all the other amenities that have made Four Points a favorite with travelers worldwide. The hotel is located adjacent to Kelowna International Airport (YLW) Canada’s 10 th largest airport expecting to welcome more than 1.6 million travellers this year. Guests can conveniently access downtown Kelowna, the University of British Columbia (Okanagan Campus), and several world-class ski resorts including Big White Ski Resort and Silverstar Mountain Resort. At the center of a thriving Okanagan Valley economy, Kelowna sits on the shores of Okanagan Lake, a 98-mile waterway offering numerous water sports. Kelowna is a must-see destination for wine enthusiasts who come to experience the many international award-winning wines produced by the 50 wineries in the area. Kelowna is also Canada’s newest golf destination with more than 20 courses enjoying the longest and sunniest golf season in Canada.

“We expect Four Points by Sheraton Kelowna to resonate with travelers seeking high-caliber, affordable and stylish lodging in a great location,” said Ted Callahan, President & CEO of Argus Properties.

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