Starwood Hotels & Resorts Worldwide Inc.
) recently announced the opening of a new hotel in Singapore
under its Westin brand. The Westin Singapore is the latest
addition to Starwood's more than 40 Westin properties in the Asia
Pacific region. It has 20 more upcoming properties in the region.
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The hotel boasts the highest lobby in Singapore and occupies
floor 32 to 46 of the Asia Square Tower 2 commercial development
in Marina Bay. Each of the hotel's 305 guestrooms and suites
feature floor-to-ceiling windows and are equipped with all
The hotel also offers an infinity pool, fitness studio, and a
state-of-the-art spa. It has a gastro-bar Cook & Brew. Apart
from providing local comfort food, the bar offers classic bar
favorites. This includes more than over 100 different types of
beer from 17 countries.
Starwood Hotels has been expanding its popular brands in various
parts of Asia Pacific. Earlier this month, the company in
collaboration with Rajawali Group, one of the largest investment
companies in Indonesia, announced that it is set to open The St.
Regis Jakarta in 2016, under the St. Regis brand. This was
preceded by the opening of Sheraton Hua Hin Pranburi Villas in
Prachuap Khirikhan in Thailand in Oct 2013.
More than half of Starwood's properties are situated outside the
U.S., which gives the company wide international exposure.
Recently, as a part of its aggressive expansion plans in Africa,
Starwood Hotels signed deals to open three hotels under its most
popular brand, Sheraton, in the continent.
With its strong developmental pipeline and significant
international exposure, Starwood Hotels continues to remain well
positioned. However, still-soft economic conditions in Europe,
slowdown in some emerging markets and budget sequestration in the
U.S. keep us concerned. The company has a Zacks Rank #3
Stocks worth considering in the hotel industry include
Orient-Express Hotels Ltd.
Marriott Vacations Worldwide Corp.
Marriott International, Inc.
). While Orient-Express Hotels carries a Zacks Rank #1 (Strong
Buy), Marriott Vacations and Marriott International hold a Zacks
Rank #2 (Buy).