X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHITE PLAINS-Hoteleira Quinta do Bessa S.A., the developer and owner of the 284-room Sheraton Porto in the city of Porto in Portugal, has agreed to a long term management contract under which Starwood Hotels and Resorts Worldwide Inc. will operate the hotel. The Sheraton Porto is currently under construction and is scheduled to open mid-year 2003.

“The Sheraton brand is, in our view, the strongest international brand, both in Portugal and throughout Europe,” states Mario Vasco Pereira, president of Hoteleira Quinta. “The combination of brand, location, design and physical specifications will enable the Sheraton Porto to command a dominant position in the market.”

The Sheraton Porto will be located on Avenida Boavista in Porto’s business district. Designed by the Lisbon-based architect Joao Paciencia, the project will have 284 rooms and suites, a restaurant and bar, a ballroom and meeting rooms, underground parking, a swimming pool and health club.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.