This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Starwood Hotels & Resorts Expands Presence In Turkey With The Sheraton Bursa Hotel And Aloft Bursa Hotel In Turkey

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announces the opening of the Sheraton Bursa Hotel and Aloft Bursa Hotel, marking the company’s entrance into Bursa. Owned by Faik Celik Holding, the two hotels expand Starwood’s rapidly-growing portfolio to nine hotels across Turkey, adding more than 300 rooms to the culturally-charged industrial centre. The opening of the Sheraton Bursa Hotel fuels the brand’s growth as it remains on track to celebrate the opening of its 500 th hotel by 2015. Aloft Bursa Hotel contributes to the phenomenal growth of the mid-market brand as it is poised to grow by 30% in 2013 with its 75 th hotel to open later this year.

“We are delighted to be working with Faik Celik Holdings, the owners of the Sheraton and Aloft Bursa, our first Starwood hotels in this important city in Turkey,” said Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. “Bursa is an emerging metropolitan centre of industry, culture, sport and leisure and we believe this combination of our differentiated lifestyle brands with a new city destination will make a compelling offer to global travellers.”

“The opening of Sheraton Bursa Hotel and Aloft Bursa marks a milestone in this fast-growing city’s development”, said Baran Çelik, CEO Faik Celik Holding. “We believe that Starwood’s strong global brands will attract international and national travellers as well as local guests.”

Sheraton Bursa Hotel and Aloft Bursa are situated in an emerging business and upscale residential area adjacent to the Bursa New Cultural Green Park and upcoming football stadium. Located on the south-east shore of Sea of Marmara, approximately 235 kilometres from Istanbul, Bursa is a rapidly emerging city in Turkey with a young population attracted by opportunities in its textile and automotive industries, as well as the tourism and sports sectors. The city was the first capital of the Ottoman Empire, playing an important role in silk manufacturing, and is today the 'greenest' city in Turkey with easy access to Mount Uludag, the country’s prime skiing resort.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs