Sheraton Plans for 30 New Hotels in 2013
Wednesday January 30th, 2013 - 10:58AM
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STAMFORD, CT—Starwood Hotels & Resorts Worldwide, Inc. plans to open 30 Sheraton-branded hotels in the next 12 months.
Half of the new Sheraton hotels will open in China, while others will be located in markets like Latin America, the Middle East and Turkey.
Notable openings in Asia-Pacific include the following: the Sheraton Huzhou Hot Spring Resort in China, which boasts a ring-shaped structure designed by architect Ma Yansong; Sheraton New Caledonia Bourail Resort and Spa; and Sheraton Chandigarh Hotel in India.
The company plans to open its 500th Sheraton hotel in 2015.
Tags: Hospitality Ownership
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.