Starwood Grows in China with Sheraton Wuhan Hankou Debut

Starwood Hotels & Resorts Worldwide Inc. (HOT), in an attempt to tap the economic prospects and provide shortages in the emerging markets, lately announced the debut of a Sheraton branded hotel in Wuhan, the main city city of Hubei Province in Central China.

The Sheraton Wuhan Hankou Hotel, located in the particular northeast of Wuhan within the traditional Hankou district, will be owned simply by local real estate management firm, Cina Oceanwide Construction Group Co Ltd. The 509-room hotel is easily obtainable from both the Hankou Railway Place and the Wuhan Tianhe International Airport. All of us believe the location would be a major attract for tourists in addition to the amenities such as meeting rooms, a signature restaurant, lounges, an indoor pool and a work out center.

The hotel is definitely part of the development of the Wuhan Central Business District, which includes the building of the metro network and is expected to become completed by 2017. The hotel is located at Jianshe Dadao, with retail malls directly accessible through the hotel’s lobby making it a popular choice to get both business and leisure tourists.

The tourism sector in Asia Pacific, especially Cina, is expected to grow year more than year at the same or higher rate than the mature markets of the U. K., France or Japan, according to the Globe Travel and Tourism Council. In fact , the emerging markets account for a big share of Starwood’s development pipeline. Fueled by the growing affluent middle class, demand for hotels in China is rising continuously.

More than half of Starwood’s properties are usually situated outside the U. S., which gives the company wide international exposure, unlike any of its peers. Further, the company is consistently trying to expand its international footprint and striving to tap the high demand in the growing markets.

Starwood currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same sector include Marriott Vacations Worldwide Corp. (VAC), Hilton Worldwide Holdings Incorporation. (HLT) and Intercontinental Hotels Group plc (IHG). While Marriott Holidays sports a Zacks Rank #1 (Strong Buy), Hilton and Intercontinental Resorts carry a Zacks Rank #2 (Buy).

Read the Full Study Report on HOT
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Starwood Resorts & Resorts Worldwide Inc. (HOT), in an attempt to tap the particular economic prospects and supply shortages within the emerging markets, recently announced the particular debut of a Sheraton branded hotel in Wuhan, the capital city of Hubei Province in Central China.

The Sheraton Wuhan Hankou Hotel, located in the northeast associated with Wuhan within the historical Hankou area, will be owned by local property management firm, China Oceanwide Construction Group Co Ltd. The 509-room hotel is easily accessible from both Hankou Railway Station and the Wuhan Tianhe International Airport. We believe the location would be a major draw for tourists in addition to the amenities like meeting areas, a signature restaurant, lounges, an indoor pool and a fitness center.

The hotel is part of the development of the Wuhan Central Business Area, which includes the building of a metro system and is expected to be completed simply by 2017. The hotel is located at Jianshe Dadao, with retail malls directly accessible from the hotel’s lobby making it a popular choice for both company and leisure travelers.

The tourism industry in Asia Pacific, especially China, is anticipated to grow year over year exact same or higher rate than the mature markets of the U. K., France or even Japan, according to the World Travel and Tourism Council. In fact , the growing markets account for a large share associated with Starwood’s development pipeline. Fueled with the growing affluent middle class, requirement for hotels in China is increasing continuously.

More than half associated with Starwood’s properties are situated outside of the U. S., which gives the company wide international exposure, unlike any of its peers. Further, the company is regularly trying to expand its international impact and striving to tap the high demand in the emerging markets.

Starwood currently has a Zacks Rank #3 (Hold). Better-ranked stocks and shares in the same industry include Marriott Vacations Worldwide Corp. (VAC), Hilton Worldwide Holdings Inc. (HLT) and Intercontinental Hotels Group plc (IHG). While Marriott Vacations sports a Zacks Rank #1 (Strong Buy), Hilton and Intercontinental Hotels carry the Zacks Rank #2 (Buy).

Read the Full Research Report on HOT
Read the Full Study Report on IHG
Browse the Full Research Report on VAC
Read the Full Research Statement on HLT

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