Sheraton Hotels & Resorts Accelerates Growth in New York City with the Opening of Sheraton Tribeca (United States)
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Sheraton Hotels & Resorts Accelerates Growth in New York City with the Opening of Sheraton Tribeca (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Hotel opening
This is a press release selected by our editorial committee and published online for free on 2010-10-15
The Second New Sheraton to Open in NYC in just Five Months is Part of Starwood Hotel's Aggressive New York Growth Strategy
Starwood Hotels & Resorts Worldwide, Inc. (HOT 55.37, -0.26, -0.47%) today announces the opening of Sheraton Tribeca, a sleek, new hotel in lower Manhattan's most sought-after neighborhood. The highly anticipated opening of Sheraton Tribeca comes hot on the heels of the opening of Sheraton Brooklyn in April. These two new Sheraton hotels in New York City are part of Starwood Hotel's bullish New York City growth strategy. The company announced this summer that it will grow its NYC portfolio by 50% this year and open more hotels in New York in 2010 than any other city in the world. The company's aggressive focus on NYC is illustrative of its meaningful global growth strategy -- Starwood is on track to open more than 80 hotels in key markets around the world this year.
"We are delighted to welcome travelers to our second new Sheraton in New York City in just five months, as we actively grow our presence in this global gateway city and key financial center. Topping the list as the world's most popular tourist destination with nearly 47 million domestic and international visitors each year, New York City is expected to attract even more visitors over the next decade due to the anticipated surge in tourism from China and India," said Hoyt Harper, Senior Vice President, Sheraton Hotels & Resorts. "Starwood is proud to offer travelers 15 best-in-class hotels in New York City with the addition of Sheraton Tribeca, where travelers will enjoy an inviting, comfortable atmosphere, just steps from the city's best dining, shopping and art galleries."
The Sheraton Tribeca boasts a prime location on the northern perimeter of Tribeca, just across the street from SoHo. The hotel is walking distance to the Financial District, Greenwich Village, Little Italy and Chinatown, and just a short subway ride to South Street Seaport, Times Square and the Broadway theater district. The Sheraton Tribeca also features the signature offerings of the brand's recent $6 billion revitalization effort including the Link@Sheraton(SM) experienced with Microsoft(R)", Link Cafe and Club Lounge with dramatic views of midtown Manhattan.
The opening of the Sheraton Tribeca is part of the brand's strategic expansion plan that will add approximately 50 new hotels and over 20,000 rooms to the Sheraton portfolio over the next three years. Beginning in 2010, the brand will open roughly 50 new hotels over three years in 15 countries, including the United States, Italy, Colombia, India, Russia, Slovakia, Taiwan, South Korea and Vietnam. Sheraton -- the largest international upper-upscale hotel brand in China - will nearly double its footprint in the country with the addition of 28 stunning new properties, including the Sheraton Shanghai Hong Kou Hotel, Sheraton Qingdao and Sheraton Huadu Resort , bringing its total number of hotels there to 50.
Last year, Sheraton completed a three-year, multi-billion global brand overhaul that encompassed more than $4 billion in new hotels, renovations and signature brand initiatives in North America and another $2 billion in new hotels overseas. Highlights included:
70,000 new or newly renovated guestrooms -- 50,000 in North America alone More than 300 new lobbies featuring the brand's innovative Link@Sheraton(SM) experienced with Microsoft(R) More than 100,000 brand new Sheraton Sweet Sleeper all-white, high thread count beds in 211 hotels and 83,000 guestrooms worldwide 98 renovated properties, nearly half of Sheraton's North American portfolio, including high profile gateway properties like the Sheraton Denver, Sheraton Boston, Sheraton Seattle Hotel & Towers, Le Centre Sheraton Montreal and Sheraton Waikiki.
Sheraton Hotels, like all brands within Starwood's portfolio, is proud to offer the Starwood Preferred Guest(R) program, which offers a breakthrough policy of no blackout dates on Free Night Awards. To learn more, please visit www.spg.com.
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