In collaboration with Grupo Pontianak, a developer of resorts,
Starwood Hotels & Resorts Worldwide, Inc.
) recently unveiled Puntacana Resort & Club in the Caribbean
region under its Westin brand. This marks the entry of the brand
in the Dominican Republic and is the sixth Westin resort in the
Located near the Punta Cana International Airport, the resort
features 200 rooms and suites and offers other amenities like an
outdoor pool, bar, spa, a fitness center and Westin brand's
signature menu. The strategic positioning of the hotel coupled
with the scenic beauty will likely create a strong guest base,
going ahead. Also, these factors justify the company's decision
to expand in the region.
This is not the first time that the company is working with Grupo
Pontianak. Earlier, the two collaborated for the Four Points
brand by Sheraton Puntacana Village Hotel, which was opened in
Westin brand has a solid global footprint and boasts more than 50
resorts around the world. Recently, the brand unveiled a hotel in
Portland, Maine. This hotel is a strategic renovation of a
landmark property in the heart of the city. The company spent $50
million to renovate the existing hotel to Westin Portland
Starwood is comprehensively working on its assets to offer an
advanced and customized travel experience to its guests. Besides
new hotel openings, the company is also trying to augment guest
satisfaction and gain a better foothold in the industry through
brand conversion and remodeling.
Starwood Hotels presently has a short-term Zacks Rank #2 (Buy).
Some other stocks worth considering in the hotel industry include
Home Inns & Hotels Management Inc.
Hyatt Hotels Corporation
Wyndham Worldwide Corporation
). While Home Inns & Hotels and Hyatt Hotels carry a Zacks
Rank # 1 (Strong Buy), Wyndham Worldwide holds a Zacks Rank #2.
HYATT HOTELS CP (H): Free Stock Analysis
HOME INNS&HOTEL (HMIN): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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