Starwood Hotels & Resorts Worldwide (NYSE-Listed HOT) visits the NYSE to celebrate the opening of its newest hotel, W New York - Downtown and Starwood’s increased footprint in New York City. In honor of the occasion, Vasant Prabhu, Vice Chairman and Chief Financial Officer; and Phil McAveety, Executive Vice President and Chief Brand Officer, Starwood Hotels & Resorts Worldwide ring The Closing BellSM.
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Background about Starwood’s growth in New York City:
New York City portfolio by 50% this year and open more hotels in New York in 2010 than any other city in the world. Today, Starwood operates 12 hotels in the Big Apple across six of its nine distinct and compelling brands. The company’s NYC boom will result in 18 high-caliber Starwood hotels including the debut of Starwood’s two newest brands in Manhattan – Aloft and Element. The company’s bullish focus on NYC is illustrative of its meaningful global growth strategy – Starwood is on track to open more than 80 hotels in key markets around the world this year.
New hotels in the Starwood pipeline include:
· Aloft Brooklyn
· Aloft Harlem
· Element New York Times Square West
· Four Points by Sheraton Long Island City
· Sheraton Tribeca New York Hotel
· W New York - Downtown
New York anticipates receiving 50 million visitors per year starting in 2012 – that is 4.75 million more than in 2009, representing an increase of 9.5 %.
Background about W New York - Downtown
High style meets the high life at W New York – Downtown Hotel & Residences, the newest symbol of modern design in Lower Manhattan. Designed by leading architectural firm Gwathmey Siegel and Associates with interiors by GRAFT studios, W New York - Downtown Hotel & Residences is a 58-story glass tower complete with spectacular city views of the Statue of Liberty, Hudson River and Empire State Building.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1000 properties in 100 countries and approximately 145,000 employees at its owned and managed properties. Starwood® Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le Méridien® and the recently announced AloftSM and ElementSM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
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