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.

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