Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Starwood returns to Iraq after 20 years  Join our daily free Newsletter

MENAFN - Khaleej Times - 30/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093508319 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093508319 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Khaleej Times) Starwood Hotels and Resorts Worldwide has signed two deals to re-enter the Iraq hospitality market after 20 years.

The leading hotel and leisure company signed first deal with Ranj Co & Helar Co to debut the Four Points brand by Sheraton in Erbil by 2015. It also signed an agreement with BCD to manage a new-build Sheraton hotel in Erbil, which is scheduled to open in 2015.

"We are delighted to partner with BCD as we re-introduce Starwood to Iraq with Sheraton, our most iconic brand," said Roeland Vos, president of Starwood Hotels and Resorts for Europe, Africa and Middle East.

Erbil is the capital of the Kurdistan Autonomous Region and is emerging as the country's commercial hub. The city is served by Erbil International Airport with a growing number of international airlines connecting through Erbil.

"The opening of the new Sheraton Erbil Hotel further underlines Starwood's commitment to growth and expansion in the region," Vos said.

Starwood currently operates close to 50 hotels in the Middle East, which includes 16 Sheraton hotels. The company is set to open more than 30 hotels in the region over the next few years.

In addition to the Sheraton Erbil Hotel, this will include five Sheraton hotels including one in Saudi Arabia, two properties in Pakistan as well as the Sheraton Dubai Shaikh Zayed Road Hotel and Sheraton Sharjah Hotel & Resort in the UAE. It has 23 properties in the UAE including 15 in Dubai and six in Abu Dhabi.

"We believe that our partnership with Starwood will set new hospitality milestones in Iraq and that Sheraton's strong reputation will assist in further supporting Erbil as the country's commercial hub," BCD partner Saad Aldoski said.

The new Sheraton Erbil Hotel will comprise 221 guest rooms and 39 suites. The hotel will also feature extensive dining, conference and leisure facilities as well as signature Sheraton amenities.

"We are excited to work with Starwood to build our first hotel here in Iraq. Four Points by Sheraton has a strong reputation globally and this hotel will be a great addition to the city of Erbil," Faxir Maraan of Ranj Co & Helar Co said.

The new Four Points by Sheraton Erbil Hotel will comprise 250 guest rooms and offer extensive dining, conference and leisure facilities. The hotel will also feature all the brand's signature elements.

"The opening of the Four Points by Sheraton Erbil Hotel further underlines Starwood's commitment to grow in Iraq and we are confident that this new hotel will deliver the brands promise of modern style and timeless comfort at a great value," Vos concluded.

The Four Points by Sheraton brand has six properties in the region and four upcoming hotel openings, including Four Points by Sheraton Medina, Four Points by Sheraton Mall of Arabia, Four Points by Sheraton Dhahran and Four Points by Sheraton Sharjah.

 






  MENA News Headlines
May 24 2013Gloom over French manufacturers lifts in May: survey ,AFP
(MENAFN - AFP) French manufacturers turned sharply brighter about their business prospects in May because activity was unexpectedly buoyant and orders were picking up, official survey data showed ...

May 24 2013Germany builds up new steam for growth ,AFP
(MENAFN - AFP) The German economy, the powerhouse in Europe, is picking up new steam and is set to gather speed later in the year after a weak start, data indicated on Friday. Consumers have the ...

May 24 2013India's Jet Airways shareholders approve Etihad deal ,AFP
(MENAFN - AFP) Shareholders of India's Jet Airways on Friday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in the private carrier, media reports said. Jet ...

May 24 2013Egypt's cash-strapped rulers woo former regime tycoons ,AFP
(MENAFN - AFP) Almost three years after an uprising fuelled by the old regime's venality, Egypt's cash-strapped Islamist government is making amends with businessmen who offer to pay their way back ...

May 24 2013German business confidence up unexpectedly in May: Ifo ,AFP
(MENAFN - AFP) German business confidence rose unexpectedly in May, data showed on Friday, as businesses in Europe's top economy express satisfaction with their situation and become more optimistic ...

May 24 2013Germany must spread cost of energy shift fairly: IEA ,AFP
(MENAFN - AFP) The International Energy Agency said Friday that Germany must shield its consumers from paying too much of the cost of its ambitious switch from nuclear power and fossil fuels toward ...

May 24 2013European stock markets recover slightly at open ,AFP
(MENAFN - AFP) European stock markets rebounded modestly at the start of trading on Friday following sharp losses suffered the previous day. London's benchmark FTSE 100 index rose 0.23 percent to ...

May 24 2013Bahrain expects economic growth by 5% in 2013 ,MENAFN
(MENAFN) Bahrain is expecting an economic growth of at least 5 percent during the current year, reported Arabian Business. This expectation was due to the rebound in oil production and the growth ...

May 24 2013UAE- Air Arabia arranges 2 weekly flights to Abha ,MENAFN
(MENAFN) Air Arabia started its flights to Abha in Saudi Arabia, this new service is the eighth city in Saudi that will be reached by the Sharjah based carrier, reported Gulf News. The Airline ...

May 24 2013India's Wockhardt shares dive on US import ban ,AFP
(MENAFN - AFP) Shares of Indian pharmaceuticals firm Wockhardt plunged nearly 19 percent Friday, a day after it said the US drugs regulator had banned imports from one of its manufacturing units ...

more...


 
Click to Apply






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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help