STAMFORD, CT—Locally-based hotelier Starwood Hotels & Resorts Worldwide Inc. says it will open more than 60 hotels in Europe by 2020.
The expansion will increase its European hotel portfolio by approximately 40%. Nine Starwood hotels will open this year in Europe. The company also states that it has agreed to open its seventh Sheraton hotel in Turkey in 2014. The opening is part of the firm's plan to add four hotels there, according to Bloomberg News.
A surge in infrastructure development in Turkey and Russia is creating favorable conditions for expanding its hotel brands, the company states. Starwood notes that its European growth plans also include adding Aloft and Luxury Collection hotels in Ukraine. See story at Bloomberg News.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
