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Last $80.70 USD
Change Today +0.79 / 0.99%
Volume 3.2M
HOT On Other Exchanges
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As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

starwood hotels & resorts (HOT) Key Developments

Starwood Hotels & Resorts Worldwide, Inc. and AppleOne Mactan, Inc. Announce Signing Sheraton Mactan Resort in Mactan, Philippines

Starwood Hotels & Resorts Worldwide Inc. has announced the signing of Sheraton Mactan Resort, a new build property comprised of hotel and branded residences on the exotic coral island of Mactan in the Philippines. Owned by AppleOne Mactan Inc. the signing leverages the Sheraton first mover advantage in the region and meets increasing local demand. The new Sheraton Mactan hotel will open in 2019, followed by the opening of the residences in 2020. The beachfront hotel property will offer 250 sophisticated guest rooms, of which 20 are expansive suites, with breathtaking views of Magellan Bay. Other property offerings will include Shine Spa for Sheraton, three dining venues, an enhanced lobby lounge, and recreation facilities such as a swimming pool and the Sheraton Fitness facilities. Sheraton Mactan Resort will also feature function space totalling 1,313 square metres-ideal for meetings, weddings and functions. Part of the Cebu province and located in Punta Engano Barangay, the property is an easy 10-minute drive from the Mactan-Cebu International Airport, the Philippines' second busiest airport. For the more adventurous guest, Mactan boasts world-renowned snorkelling and scuba diving. It is also ideally situated for sailing and island hopping. The Residences at Sheraton Mactan Resort, also scheduled to open before end 2020, will feature 182 units consisting of one to three partially-furnished bedroom apartments.

Starwood Hotels & Resorts Worldwide Inc. Plans to Open Nine New Aloft Hotels in Texas by 2018

Starwood Hotels & Resorts Worldwide Inc. has announced that its Aloft brand will grow its portfolio from seven to sixteen hotels in the Lone Star State by 2018, with the addition of two more hotels in Houston, two more in Austin, three more in Dallas-Fort Worth, and debuts in other cities including Shenandoah and College Station. Designed for the always connected, evolving global traveler, Aloft will grow its portfolio from seven to sixteen hotels in the Lone Star State by 2018, with the addition of two more hotels in Houston, two more in Austin, three more in Dallas-Fort Worth, and debuts in other cities including Shenandoah and College Station. The popular, no-cover acoustic sets showcase emerging talent with live, intimate performances in WXYZ bars for both guests and music-loving locals. Other signature amenities include Re:fuel at Aloft a one-stop gourmet grab & go food and beverage area, a Splash pool and 24-hour fitness center. Aloft Hotels opening in Texas in the next three years include: Aloft College Station (August 2015); Aloft Houston Downtown (2016); Aloft Austin Northwest (2016); Aloft Richardson (2016); Aloft Dallas Love Field (2016); Aloft Houston West (2017); Aloft Austin Downtown (2017); Aloft Arlington Entertainment District (2017); and Aloft Shenandoah Near the Woodlands (2018). Just minutes from the Texas A&M University campus, Aloft College Station is a highly anticipated addition to this bustling college town. Offering 102 rooms and 1,500 square feet of flexible meeting space, the new Aloft is also near Blinn College, the George Bush Presidential Library and Museum, Post Oak Mall, Grand Station Entertainment Center and the restaurants, bars and music venues in the popular Northgate district. Aloft Houston Downtown is an adaptive re-use project and will occupy the historic Stowers Furniture Building, built in 1913. Offering 165 rooms and 2,000 square feet of meeting space, the hotel will be ideally positioned at the heart of the Central Business District near several major corporations including Shell Oil, JP Morgan Chase, Chevron and KPMG. Nearby attractions include Minute Maid Park, the George R. Brown Convention Center and the Theater District. Aloft Austin Northwest will be ideally located in one of the fast growing areas of Austin. Featuring 131 rooms and 1,000 square feet of meeting space, the hotel will be adjacent to the Lakeline Mall, the large indoor mall in Austin, and close to the campus of Dell Inc., Round Rock Sports Center, University of Texas at Austin, Southwestern University and Dell Diamond Baseball Stadium. The bars, night clubs and live music venues of downtown Austin are also within easy reach. Located within the new 186-acre CityLine development in Richardson, Aloft Richardson will offer 148 rooms and 3,000 square feet of meeting space. The nine-story hotel will open during the first phase of the massive CityLine development, along with three office towers, a medical office building, residential apartments, restaurants, shops, an entertainment space, a wellness/fitness facility and a 3.5 acre park. Approximately 22 miles from Dallas/Fort Worth International Airport (DFW), Aloft Richardson will help meet the demand for high-caliber lodging on the city's north side. The hotel is adjacent to the State Farm Regional Corporate Office and close to the Richardson Telecom Corridor home to more than 500 companies including Texas Instruments, Raytheon, Verizon, AT&T and Bank of America. Aloft Houston West will offer a prime location within the Houston Energy Corridor, a bustling hub with more than 300 multinational and local energy companies. The hotel will offer 117 rooms and 2,000 square feet of meeting facilities in a convenient location at the intersection of I-10 and Houston Chronicle near Westgate, a 20-acre office park now under development. The hotel will be convenient to the offices of numerous large corporations such as BP America, Citgo, ExxonMobil and ConocoPhilips and top area attractions such as CityCentre and Hobby Center for the Performing Arts. Located near the intersection of 7th and Congress, the 260-room Aloft Austin Downtown will join the 150-room Element Austin Downtown as part of a 32-story dual-branded Starwood development. The Aloft hotel will be walking distance to the live music venues, restaurants and shops in the city's renowned 6th Street Entertainment District and within close proximity of the Warehouse District, the 2nd Street District, the Austin Convention Center, the University of Texas Austin campus and the Texas State Capitol Building. The hotels will share amenities including a restaurant and bar with outdoor dining along historic Congress Avenue, an oversized fitness center and nearly 2,500 square feet of flexible meeting space. Ideally situated within the Dallas-Fort Worth metroplex, Aloft Arlington Entertainment District will open within a new mixed-use development known as The Village at Ballpark Way, which will also include retail space and medical offices.

Starwood Hotels & Resorts Worldwide Opens Hotel in Nanjing, China

Starwood Hotels & Resorts Worldwide has opened a hotel in Nanjing in China.

Investors Reportedly In Merger Talks With Starwood Hotels

Shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) which owns Le Meridien, St Regis and Westin brands, improved to $84.30 on the Street of Dreams as speculation increased that it would soon be climbing into bed with Holiday Inn and Intercontinental Hotels Group plc (LSE:IHG), 11p better at 2700p, in a ‘friendly’ deal which would value the US stock at around $110 a share.

Starwood Hotels & Resorts Worldwide Announces Agreement with Desarrollos Hoteleros Guanacaste to Unveil W Brand in Costa Rica

Starwood Hotels & Resorts Worldwide Inc. announced an agreement with Desarrollos Hoteleros Guanacaste SA (DHG) to debut the W brand in Costa Rica. W Costa Rica - Reserva Conchal will be the brand's first tropical escape in Latin America, redefining the local luxury resort experience with its cutting-edge design, energetic DNA and Whatever/Whenever service philosophy, all set against a backdrop of spectacular shorelines, vast volcanoes and magnificent mountain ranges. W Costa Rica - Reserva Conchal will reinvent the hotel landscape in Playa Conchal with its innovative design, signature amenities and unique style. Part of a mixed used development in Reserva Conchal located in the Pacific coast province of Guanacaste, nearby facilities include an award-winning Robert Trent Jones II golf course and a variety of outdoor recreation and nightlife entertainment options. The hotel will be located just 45 minutes from the Liberia /Daniel Oduber Quiros International Airport. The beachside escape will feature 151 guestrooms and suites for ultimate relaxation and indulgence. The energy of the W brand will be brought to life in various venues, including a signature restaurant, featuring world-class gastronomy; the W Living Room where guests can enjoy inventive cocktails and weekly happenings showcasing music, fashion and design; the hotel's destination bar for the most vibrant nightlife scene; and an Away spa and WET deck, featuring an infinity pool with breathtaking views of the tropical surroundings. The hotel will also boast meeting space for special events.

 

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