Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that its Westin brand expects to open its 200 th hotel in 2013, driven by robust international demand and the phenomenal success of the brand’s distinct well-being positioning. Westin will open 11 new hotels this year, the vast majority outside the United States in fast-growing markets including China, India, Singapore and Panama.
Westin Nearly Doubles Portfolio in Latin AmericaDemand for new Westin hotels in Latin America is also heating up. In just the past 18 months, Westin has grown its footprint in Latin America by nearly 50% as part of the brand’s strategic expansion in the region’s fastest growing markets. This year’s opening of The Westin Panama will increase the Westin portfolio in Latin America to 11 hotels, spanning five countries including Panama, Mexico, Peru, Costa Rica and Guatemala. “A long-time developer favorite in the U.S., Westin has emerged as a global market leader as witnessed by our surge of new hotel development in Asia Pacific, as well as continued momentum in Latin America,” said Simon Turner, President of Global Development for Starwood. “We see continued opportunities for global growth through both world-class new build projects and conversions where developers benefit from the strength of the brand and Starwood’s powerful systems.” Steady Growth in North America In North America, The Westin brand will add four new hotels to its portfolio this year, including The Westin Birmingham – a new-build property located within the city’s sleek, new mixed-use development. Westin is also attracting a growing share of conversion opportunities in cities across the United States with The Westin Houston Downtown, The Westin Sacramento and The Westin San Jose all opening in 2013, following renovations. For more information on Westin Hotels & Resorts, please visit www.westin.com, Facebook or follow Westin on Twitter. About Westin Hotels & Resorts Westin Hotels & Resorts offers innovative programs that transform every aspect of a stay into a revitalizing experience. All Westin signature services – like the Heavenly Bed, delicious SuperFoods and WestinWORKOUT studio – have been designed with the guests’ well-being in mind. Westin hotels, with more than 190 hotels and resorts in nearly 40 countries and territories, is owned by Starwood Hotels & Resorts Worldwide, Inc. one of the leading hotel and leisure companies in the world with 1,134 properties in nearly 100 countries and 154,000 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.)