Starwood Hotels & Resorts Worldwide Inc.
) is set to unveil an Element branded hotel in Bozeman, MT.
Christened Element Bozeman, the hotel is slated to open in Jun
2015 and will mark the brand's debut in the city. The hotel will
be located at the center of the Bozeman's entertainment district.
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Element Bozeman will be managed by Homebase Montana - a
Bozeman-based property development company, with prominence on
land, homes and hospitality related ventures.
This 104-room hotel will have studios and one-bedroom suites and
will offer amenities like spa, fitness center, swimming pool and
a meeting room with modular furniture. The hotel is located in
close proximity to Museum of the Rockies, Emerson Center for the
Arts & Culture, as well as the city's business region and a
variety of boutiques, art galleries, restaurants and pubs.
Starwood's Leadership in Energy and Environmental Design
certified, eco-sustained contemporary brand, Element was launched
in 2008. In its six-year journey, the brand has gained strength
and popularity by ensuring guest satisfaction. Currently, the
brand boasts as many as 11 hotels across the U.S. and Canada.
Further, the hotelier is developing one property each in Germany
and China under the eco-friendly brand which are slated for a
2014 and 2015 opening, respectively.
The Element brand, known for its sustainability and style, mainly
caters to the value-conscious guests and strikes a balance
between corporate and leisure travelers. Therefore, Bozeman,
which is widely known as a round-the-year tourist destination
with world class ski areas and amusement parks, is an ideal
Starwood currently carries a Zacks Rank #3 (Hold). A
better-performing stock in the same sector is
Marriott International, Inc.
), with a Zacks Rank #2 (Buy). In the broader leisure services
sector, investors may consider
Wynn Resorts Ltd.
Las Vegas Sands Corp.
). While Wynn sports a Zacks Rank #1 (Strong Buy), Las Vegas
Sands has the same Zacks Rank as Marriott.