Starwood Expands in Brazil
Wednesday December 19th, 2012 - 10:35AM H
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STAMFORD, CT—Starwood Hotels & Resorts Worldwide, Inc. has partnered with GJP Hotéis & Resorts to open the first Sheraton Hotel & Resort in Salvador, Brazil, the Sheraton da Bahia Hotel.
The 284-room hotel is currently undergoing a renovation and is expected to reopen in the beginning of 2013. It will feature two restaurants, a fitness center, a 1,938-sq.-ft spa, business center and 27,000 sq. ft. of flexible meeting space. GJP will operate the hotel under a franchise agreement.
Starwood currently operates seven properties in Brazil under the Sheraton and Four Points by Sheraton brands, and this will be the 6th Sheraton in the country. According to the company, this agreement is an important step toward reaching the goal of having 500 Sheraton properties by 2015. The Sheraton Reserva do Paiva Hotel and Conference Center is scheduled to open in Recife, Brazil by early 2014.
Tags: • Hospitality • Ownership •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.