During the relocation, Starwood announced that it will increase its MEA portfolio by more than 60% with nearly 50 new hotels set to open over the next five years.
Starwood expansion at a glance
By 2017, Starwood Hotels & Resorts will operate more than 130 hotels in Middle East and Africa, marking some key milestones, including:
• Portfolio growth of more than 60% in the UAE with 12 new hotels, including six in Dubai, bringing Starwood’s portfolio to more than 30 hotels across the country. Starwood’s growth plans in the UAE also include expansion into Sharjah and Ajman.
• Rapid expansion across Saudi Arabia with six new hotels slated to open by 2015, bringing Starwood’s portfolio to 15 hotels in this key developing market.
• The re-entry of Starwood Hotels & Resorts into Iraq with the milestone signings of three hotels across three brands in the city of Erbil, located in the re-emerging Kurdistan area of the country.
• Momentum in Nigeria with two new Starwood hotels under the company’s Four Points by Sheraton brand.
• Addition of two new hotels in Algeria, with a new Sheraton-branded property in Annaba and a Four Points by Sheraton hotel located in Oran.
• The launch of Starwood’s Aloft Hotels brand in Saudi Arabia and Iraq. Aloft will also open its second property in the UAE, in the emirate of Sharjah.
| Advertisement |
Search our database of more than 2,700 industry companies
