Starwood Forays into Samoa

Starwood Hotels & Resorts Worldwide, Inc. (HOT) offers entered into an agreement with Aggie Grey’s Hotel & Bungalows and Aggie Grey’s Lagoon, Beach Resort & Spa on the island of Upolu Samoa to renovate and operate the 2 properties. With these agreements, the company offers entered into the market of Samoa for the first time.

These properties experienced stopped functioning since Dec 2012. Post-renovation, they are expected to reopen since the Sheraton Samoa Aggie Grey’s Resort and the Sheraton Samoa Aggie Grey’s Resort by mid-2014.

Located 45 minutes from the airport, the particular Sheraton Samoa Aggie Grey’s Resort will feature 198 guest areas and suites and 17, 000 square feet of meeting space. Sheraton Samoa Aggie Grey’s Vacation resort on the other hand is located just 5 minutes far from the airport and will feature a hundred and forty guest rooms and suites. Nevertheless , common amenities shared by both include a signature restaurant and pub, casino, and a large outdoor holiday resort style fantasy pool and swimming pool bar.

Starwood is among the world’s largest hotel and leisure companies and operates 9 brand names, which cater to most major marketplaces around the world. Given its property locations and strong brand recognition, the company is well positioned to take advantage of higher market demand on the back again of stepped-up business traveling in major North American and international locations.

More than half of Starwood’s attributes are situated outside the U. Ersus., which gives it wide international direct exposure. The demand for hotels in the international market is greater than in the U. S. and the pace of recovery is particularly fast in the underserved Asia-Pacific region.

The particular Sheraton brand has more than 100 hotels in operation while 50 a lot more are in the pipeline in the Asia Pacific region. With the opening of Sheraton Shantou Hotel in China in Nov 2013, the company reached the particular 100th hotel milestone in the Asia-Pacific region.

On Nov 20, 2013, Starwood Hotels and Resorts announced that it is set to open up a resort on Tokoriki Island in Fiji under its Sheraton brand. These hotels and accommodations will further strengthen the company’s position in the Pacific region while helping it to achieve its focus on of 500 hotels by 2016.

Currently, Starwood works 14 properties across the Pacific area, with 9 hotels in Australia, 3 or more hotels in Fiji and 2 in New Caledonia. Several other marketplaces, which had been reeling under pressure for quite a while, such as Europe, Japan and the Middle East and Africa have started to show signs of improvement.

In Nov 2013, Starwood Resorts & Resorts signed deals to spread out three hotels under its most popular brand, Sheraton. The three hotels will be opened in new African marketplaces of Mauritania, Guinea and South Sudan.

The company currently has a short-term Zacks Rank #2 (Buy). Other players in the resort industry, which look attractive in current levels, include Home Inns & Hotels Administration Inc. (HMIN), Marriott Vacations Worldwide Corp. (VAC) and Marriott International, Inc. (MAR). While Home Inns & Hotels carry a Zacks Position #1 (Strong Buy), Marriott Holidays Worldwide and Marriott International hold a Zacks Rank #2 (Buy).

Read the Full Research Statement on HOT
Read the Complete Research Report on MAR
Read the Full Research Report upon HMIN
Read the Full Research Report on VAC

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Starwood Hotels & Resorts Worldwide, Inc. (HOT) has entered into an agreement with Aggie Grey’s Hotel & Bungalows and Aggie Grey’s Lagoon, Resort houses & Spa on the island of Upolu Samoa to renovate and operate the two properties. With these agreements, the company has entered into the market of Samoa for the first time.

These properties had stopped functioning since Dec 2012. Post-renovation, they are likely to reopen as the Sheraton Samoa Aggie Grey’s Hotel and the Sheraton Samoa Aggie Grey’s Resort by mid-2014.

Located 45 minutes from your airport, the Sheraton Samoa Aggie Grey’s Hotel will feature 198 guest rooms and suites and 17, 000 square feet of meeting space. Sheraton Samoa Aggie Grey’s Resort on the other hand is located simply 5 minutes away from the airport and will feature 140 guest rooms and suites. However , common amenities contributed by both include a signature cafe and bar, casino, and a huge outdoor resort style fantasy swimming pool and pool bar.

Starwood is one of the world’s largest resort and leisure companies and works 9 brands, which cater to the majority of major markets around the world. Given the property locations and strong brand recognition, the company is well situated to benefit from higher market need on the back of stepped-up company traveling in major North American and international locations.

More than half of Starwood’s properties are situated outside of the U. S., which gives it broad international exposure. The demand for hotels in the international market will be greater than in the U. S. as well as the pace of recovery is particularly quick in the underserved Asia-Pacific region.

The Sheraton brand has more than 100 hotels in operation while 50 more are in the pipeline in the Asia Pacific region. With the starting of Sheraton Shantou Hotel in China in Nov 2013, the company reached the 100th hotel landmark in the Asia-Pacific region.

On Nov 20, 2013, Starwood Hotels and Resorts announced that it really is set to open a resort upon Tokoriki Island in Fiji under its Sheraton brand. These hotels and resorts will further improve the company’s position in the Pacific region while helping it to achieve its target of 500 hotels by 2016.

Presently, Starwood operates 14 properties throughout the Pacific region, with 9 hotels in Australia, 3 hotels in Fiji and 2 in New Caledonia. Several other markets, which had been reeling under pressure for quite some time, such as Europe, The japanese and the Middle East and The african continent have started to show signs of enhancement.

In Nov 2013, Starwood Hotels & Resorts signed deals to open three hotels under its most popular brand, Sheraton. The three hotels will be opened in new African markets of Mauritania, Guinea and South Sudan.

The company presently has a short-term Zacks Rank #2 (Buy). Other players in the hotel industry, which appear attractive at current levels, consist of Home Inns & Hotels Management Inc. (HMIN), Marriott Vacations Worldwide Corp. (VAC) and Marriott International, Incorporation. (MAR). While House Inns & Hotels carry a Zacks Rank #1 (Strong Buy), Marriott Vacations Worldwide and Marriott International hold a Zacks Position #2 (Buy).

Read the Complete Research Report on HOT
Read the Full Research Report upon MAR
Read the Full Research Report on HMIN
Browse the Full Research Report on VAC

Zacks Investment Research

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