In order to give a boost to its spread in Thailand,
Starwood Hotels & Resorts Worldwide Inc.
) recently unveiled a Luxury Collection Resort under its The
Luxury Collection brand in Koh Samui, Thailand. Christened
Vana Belle, the new property marks the opening of third "The
Luxury Collection" branded hotel in Thailand.
Strategically positioned at Chaweng Noi Beach, the hotel is 80
kilometers away from the southern coast in Koh Samui and in
proximity to Samui International Airport. Vana Belle will offer
80 guest suites and villas along with various other amenities
such as Vana Spa, fitness center, restaurants and Luxury
Collection Concierge service.
Management believes that Thailand is a strategic fit for new
properties, as it is an important tourist destination. Apart from
the recently opened The Luxury Collection branded hotel, Starwood
has two other resorts in the region including Sheraton Grande
Sukhumvit in Bangkok and The Naka Island Resort & Spa in
The Luxury Collection is an upscale brand of Starwood, which
currently owns nearly 85 hotels globally with about 20 properties
in Asia. The company has an established resort business in South
Asia, especially in Koh Samui, Phuket, Langkawi, Bali and
The company is set to expand its resort portfolio further with
the introduction of The Castle Hotel in Dalian, China, Palacio
del Inka in Cusco, Peru and the Ajman Palace in the United Arab
Starwood currently carries a Zacks Rank #2 (Buy). The company
has recently reported fourth-quarter 2012 adjusted earnings from
continuing operations of 70 cents, breezing past the Zacks
Consensus Estimate by a nickel, but slightly below the year-ago
level of 71 cents. Revenues increased 0.1% year over year to
$1,533 million in the quarter, with a modest rise in revenue per
available room (RevPAR) in all regions.
Another hotel company
Wyndham Worldwide Corporation
) recently declared its fourth quarter 2012 adjusted earnings of
63 cents per share, ahead of the Zacks Consensus Estimate of 60
cents per share and up 34% year over year. Wyndham currently
carries a Zacks Rank #2 (Buy).
There are various other hoteliers who are also trying to
expand their businesses further including
Choice Hotels International Inc.
The Marcus Corporation
). Both carry a Zacks Rank #1 (Strong Buy).
CHOICE HTL INTL (CHH): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
MARCUS CORP (MCS): Free Stock Analysis Report
WYNDHAM WORLDWD (WYN): Free Stock Analysis
To read this article on Zacks.com click here.