Starwood 'confident' would double regional portfolio by 2018
- Middle East: Wednesday, March 06 - 2013 at 04:56
Starwood Hotels & Resorts Worldwide is looking to double its portfolio in the region within the next five years, Gulf News has reported. The hospitality firm currently has 300 announced or definitive deals across the global market, 31 of which are in the region's pipeline, said the president and CEO of Starwood Hotels & Resorts, Frits van Paasschen. "The 31 is the strong percentage of the 300 we have confirmed around the world," van Paasschen told the daily. "And I am confident that we will double our footprint here in five years," he said. Starwood has 45 hotels in the region, 14 of which are in Dubai, second only to New York as a city, with another six confirmed projects.
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