Starwood Opens Three New Sheraton Hotels in Africa

Starwood Hotels & Resorts Worldwide HOT continues to strengthen its position as a leading global hotel operator in Africa with the signing of three new Sheraton hotels, marking the entrance of the company into Mauritania, Guinea and South Sudan by 2017. With these signings, Starwood is on track to increase its African portfolio by over 30% with more than 15 new hotels set to open over the next five years. This growth will add more than 5,000 guest rooms to the continent and create thousands of local employment opportunities. Emphasizing the importance of the region as one of the world's fastest-growing hotel and travel markets, Chief Executive Officer Frits van Paasschen and members of Starwood's senior executive team just See full press release
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsGuidanceManagementGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!