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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV