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
 Jan 26 2015 - US- Rusty Mickelson fritters away chance to go lowThe Peninsula
(MENAFN - The Peninsula) Phil Mickelson has been a little rusty with his usually renowned short game in his first PGA Tour event in four months and he squandered the chance to shoot a low score at ...

 Jan 26 2015 - Qatar can go all the way with the support of fans: Al ShaabiThe Peninsula
(MENAFN - The Peninsula) Ahmad Al Shaabi, Vice President of the Qatar 2015 Organising Committee and Qatar Handball Association (QHA) President, has expressed his satisfaction at the success of the ...

 Jan 26 2015 - Magnificent Qatar create historyThe Peninsula
(MENAFN - The Peninsula) Asian Games champions Qatar overcame a fighting Austria 29-27 to book their maiden entry into the quarter-finals of a handball world championship.On the first day of the ...

 Jan 26 2015 - Qatar- QEWC reports 11pc rise in 2014 profitThe Peninsula
(MENAFN - The Peninsula) The Qatar Electricity and Water Company (QEWC) yesterday reported a net profit of QR1.53bn ($420m) (net of non-controlling interests) for the year ended December 31, 2014, up ...

 Jan 26 2015 - Qatar- QNB, QBWA sign MoU for better business cooperationThe Peninsula
(MENAFN - The Peninsula) QNB and the Qatari Businesswomen Association (QBWA) signed yesterday a Memorandum of Understanding. The MoU will focus on building successful business relationships to ...

 Jan 26 2015 - Qatar- Minister to head QE's new boardThe Peninsula
(MENAFN - The Peninsula) The Board of Directors of Qatar Exchange (QE) was restructured and a nine-member board has assumed office.H E Sheikh Ahmed bin Jassim Al Thani, the Minister of Economy and ...

 Jan 26 2015 - Qatar- QCB real estate price index indicates pullbackThe Peninsula
(MENAFN - The Peninsula) Qatar's real estate price value gains have softened a bit in December 2014 compared to the previous month. Qatar Central Bank's (QCB) updated real estate price index, which ...

 Jan 26 2015 - House summons Zarif over stroll with KerryThe Peninsula
(MENAFN - The Peninsula) Iranian Foreign Minister Mohammad Javad Zarif is to appear before parliament following controversy over a promenade with his American counterpart during intense nuclear ...

 Jan 26 2015 - World failing to avert disaster: JolieThe Peninsula
(MENAFN - The Peninsula) The international community is failing in its duty to protect civilians affected by the conflict in Iraq and Syria, US actress Angelina Jolie said in northern Iraq.In her ...

 Jan 26 2015 - UAE, Serbia trade hits USD31.57mMENAFN
(MENAFN) The UAE's Chamber of Commerce and Industry said that the trade between the UAE and Serbia are strengthening, with the trade currently standing at USD31.57 million for 2013, Gulf News ...

more...


 






Google

Internatinal Property Show

 
 

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