Starwood Hotels Set to Double Portfolio in Puerto Rico
November 14, 2009 in Fractional & Timeshare Owners News by Fractional Ownership MagazineGlobal Hospitality Giant Will Open the Sheraton Puerto Rico Convention Center Hotel and Debut the W and St. Regis brands in the Next 12 Months
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) – the hotel industry’s most global company – today announces it will double its presence in Puerto Rico in the next year with the opening of the island’s first W and St. Regis hotels and its second Sheraton.
Sheraton Puerto Rico Convention Center Hotel – the first full-service hotel and casino built in San Juan in a decade – opens this November. Coming on its heels are the W Retreat and Spa-Vieques Island and The St. Regis Resort and Residences Bahia Beach, both scheduled to open in 2010. The St. Regis also marks a meaningful milestone for Puerto Rico and Starwood as it is the first new luxury hotel to welcome guests to the island since 1997.
“The temperate climate, strong infrastructure, and proximity to gateway cities in the United States, Mexico and South America make Puerto Rico an extremely attractive growth market for Starwood and our proven development partners,” said Paul Sacco, Senior Vice President of Development, North America, Starwood Hotels & Resorts Worldwide, Inc. “As we work to further our lead as the world’s largest upper-upscale and luxury hotel company, and the leading innovator in the select service segment, we see significant long-term opportunity in this dynamic market.”
The three new Starwood properties will join Starwood’s three existing properties in Puerto Rico: Sheraton Old San Juan, Four Points by Sheraton Caguas Real Hotel & Casino and Four Points by Sheraton Resort & Casino at Palmas Del Mar.
