Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Starwood Hotels to add new properties in Middle East  Join our daily free Newsletter

MENAFN - Khaleej Times - 06/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Arwood hotels & resorts worldwide inc on monday announced that it will open 35 hotels in the middle east in the next three years expanding its portfolio to over 80 hotels.the announcement was made at the arabian hotel investment conference (ahic). in addition starwood will open seven new hotels in the middle east this year in both established and fast-growing markets such as the uae iraq and bahrain. with a current footprint of 46 hotels and more than 13000 rooms this diverse region is key to starwood’s global expansion strategy and continues to be one of the company’s most rapidly growing markets.“rising wealth and ever greater global connectivity are driving new travel patterns and demand for travel creating a once-in-a-lifetime growth opportunity for our industry” said president & ceo frits van paasschen.“with starwood’s long-established presence local teams and strong relationships in the middle east which we further deepened during last year’s month-long re-location of our headquarters to dubai we are uniquely positioned to take advantage of these trends.”earlier this year starwood marked its entry into ajman with the opening of ajman saray a luxury collection resort. the company continues to strengthen its presence in dubai and will open a new sheraton hotel on sheikh zayed road this september marking starwood’s 15th hotel in dubai the company’s second largest hotel market behind only new york city which has 21 hotels. the uae is the largest growth market for the company in the middle east with plans to have more than 30 starwood hotels by 2017.starwood currently has 10 hotels in saudi arabia with another eight properties in the pipeline. upcoming openings in the kingdom include three new hotels in makkah – sheraton westin and four points by sheraton – adding nearly 1500 rooms to the city. the aloft brand will debut in saudi arabia with aloft riyadh in 2015.continuing to leverage its first-mover advantage with the sheraton brand starwood will re-enter iraq after two decades with the milestone opening of sheraton dohuk in october. starwood will also open three hotels in erbil under its sheraton aloft and four points by sheraton brands by 2017.— business?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Apr 25 2015 - Dubai's Damac Q1 net profit down 38 percentMENAFN
(MENAFN) Dubai's Damac Properties reported a 38 percent fall in first-quarter net profit, despite surging revenue, because of the effect of a big one-off gain a year ago, Emirates 24/7 reported.The ...

 Apr 25 2015 - Saudi Cable signs USD170.7m debt restructure dealMENAFN
(MENAFN) Saudi Cable Company said in a statement that it has signed a deal with three of its main lenders to restructure USD170.7 million of debt, Arab News reported.The debt will be restructured ...

 Apr 25 2015 - Saudi petrochemical firms combined profit down in Q1MENAFN
(MENAFN) Saudi Arabia's first-quarter corporate earnings were generally weaker than expected, a sign that foreign investors should be cautious as the stock market opens up to them this year, Arab ...

 Apr 25 2015 - EU migrant rescue ships head for LibyaThe Peninsula
(MENAFN - The Peninsula) British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last ...

 Apr 25 2015 - Qatar- Al Rayyan thrash Al Markhiya as Emir Cup kicks off in styleThe Peninsula
(MENAFN - The Peninsula) Football giants Al Rayyan yesterday celebrated their ascent to Qatar Stars League (QSL) by crushing Markhiya 5-0 in their opening Emir Cup clash.Al Rayyan were demoted to the ...

 Apr 25 2015 - Qatar- 'Desert King' Al Attiyah is unstoppable on home soilThe Peninsula
(MENAFN - The Peninsula) Qatar's Nasser Saleh Al Attiyah, Spain's Marc Coma and Poland's Rafal Sonik each confirmed their third victories at the Sealine Cross-Country Rally in four years in the car, ...

 Apr 25 2015 - Qatar- Al Attiyah wins Sealine RallyThe Peninsula
(MENAFN - The Peninsula) Dakar Rally champion Nasser Saleh Al Attiyah yesterday said healthy time lead on the first three days set up his title win at this week's Sealine Cross-Country Rally. The ...

 Apr 25 2015 - Qatar- Stafford Sri Lankan School Doha celebrates New YearThe Peninsula
(MENAFN - The Peninsula) Stafford Sri Lankan School Doha celebrated the Sinhala and Hindu New Year recently by organising many traditional dances, games and competitions. The celebration, which ...

 Apr 25 2015 - Qatar- North Indians' Association celebrates BaisakhiThe Peninsula
(MENAFN - The Peninsula) North Indians' Association celebrated the harvest festival Baisakhi recently at Al Ghazal hall. Nearly 200 members joined the cultural programme organised by the association ...

 Apr 25 2015 - Qatar- Visa trading is illegal and punishableThe Peninsula
(MENAFN - The Peninsula) Qatari law sets strict punishment for visa traders with aim of preventing trade of illegal visas because every single illegal work visa adds an unemployed worker. If he/she ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help