Starwood Hotels & Resorts Expands Presence in Middle East with Three New Hotels in Dubai
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has signed an agreement with UAE-based conglomerate Al Habtoor Group to open three hotels in Dubai. Located on a one million square-foot property on Sheikh Zayed Road, the development will include the first St. Regis hotel in Dubai, a stylish W Hotel and a new Westin, adding 1,675 rooms to the city when they open in 2017. Starwood currently operates 15 properties in Dubai, representing the second largest concentration of the company's hotels in a single city outside of New York.
“We are delighted to partner with Al Habtoor Group on this ambitious development which marks an important milestone for us in Dubai,” said Roeland Vos, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. “Dubai has surged over the years as a top destination for international travelers. This landmark project underlines Starwood's commitment to continued growth in the region and further strengthens our long-established position as one of the leading hotel operators in the Middle East.”
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