Market Overview

Starwood Expects 71 Hotel Openings, 125 New Hotel Management and Franchise Agreements by Year End


Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced
that, despite ongoing macroeconomic and geo-political uncertainty, 2012
was a year of the most deal signings since before the global economic
crisis. Before year-end, the company expects to have signed in excess of
125 new hotel management and franchise agreements, surpassing last
year's deal signings by approximately 13 percent.

By year end 2012, Starwood expects to have opened 71 new hotels,
representing approximately 18,500 rooms in 20 countries, strengthening
its global lead and expanding its footprint particularly in developing
markets. Since 2007, Starwood has added over 100,000 gross new hotel
rooms to its system.

“Starwood's nine highly sought-after

See full press release

Posted-In: News Guidance Contracts Management Global


Related Articles (HOT)

View Comments and Join the Discussion!
Need corporate guidance data?
Click here to see licensing options.
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at