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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Starwood Hotels & Resorts Debuts In Samoa With Two New Hotel Signings

Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) today announced that it has signed definitive management agreements to operate the Aggie Grey’s Hotel & Bungalows and Aggie Grey’s Lagoon, Beach Resort & Spa on the island of Upolu Samoa. The hotels will join the Starwood Hotels & Resorts group immediately, and will relaunch as the Sheraton Samoa Aggie Grey’s Hotel and the Sheraton Samoa Aggie Grey’s Resort, respectively, by mid-2014 following extensive renovations. The signings mark Starwood’s debut into the region, with Sheraton once again the first international hotel brand to enter the market.

Owned by the Grey family, who also have an association with Starwood on the Le Meridien Resort in Tahiti, the Sheraton Samoa Aggie Grey’s Hotel and the Sheraton Samoa Aggie Grey’s Resort, will undergo multi-million dollar renovations to bring them up to Sheraton brand standards.

“We are delighted to announce this partnership and build on our already strong relationship with the Grey Family,” said Sean Hunt, Regional Vice President, Starwood Hotels & Resorts, Pacific. The Grey family has been an institution in Samoa providing superior service and amenities since the early 1900s.

Matthew Fry, Senior Vice President, Acquisitions and Development, Starwood Asia Pacific, continued: “The signing of Sheraton Samoa Aggie Grey’s Hotel and Sheraton Samoa Aggie Grey’s Resort further solidifies Starwood’s position as a market leader in the Pacific Region and we are proud to be the first international brand to offer accommodation in Samoa.”

Aggie Grey’s Hotel & Bungalows has been closed since December 2012 and will reopen in 2014 as Sheraton Samoa Aggie Grey’s Hotel after a complete redevelopment. One of the most famous hotels in the South Pacific, the iconic Aggie Grey’s Hotel & Bungalows was founded by Aggie Grey in 1933 and is steeped in rich history. The property has always been a popular choice among the elite, from best-selling authors to members of the glamorous Hollywood scene.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,016.91 -22.58 -0.13%
S&P 500 1,991.03 -1.34 -0.07%
NASDAQ 4,543.3350 +11.2310 0.25%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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