WHITE PLAINS, N.Y., Aug. 18 /PRNewswire/ -- Starwood Hotels & Resorts
Worldwide, Inc. (NYSE: HOT) announced that it has signed a management
agreement with Agenco Engenharia e Construcoes Ltd. and Bank Opportunity to
manage a new 308-room hotel in Barra da Tijuca, Rio de Janeiro, Brazil as the
Sheraton Twin Towers Hotel & Suites.
Construction on the $41 million project begins this month with an opening
date scheduled for first quarter, 2003. Rio de Janeiro-based STA
Arquitectura, is the architect.
Barra da Tijuca is Rio de Janeiro's fastest growing area, with a
combination of a new residential and shopping area, restaurants and
attractions, including the recently inaugurated Hard Rock Cafe and
entertainment venues such as Rio Water Planet and Wet & Wild Theme Parks. The
area has shown major growth in the corporate segment, evidenced by the many
multinational companies choosing to set up headquarters there.
The 14-floor hotel will be located on Sernambetiba Avenue, facing
approximately 10 miles of beautiful beaches. The facilities include two
restaurants, one bar, two outdoor swimming pools and a Health Club with sauna,
indoor pool, steam baths and Jacuzzi. There will also be two squash courts
and a playground for children.
Spacious meeting facilities totaling 11,000 square feet will cater to the
needs of business events and conventions, and a business center, shopping
arcade and 558-vehicle parking plaza will offer convenient service and
comfort.
Sheraton Hotels and Resorts has more than 375 hotels in 67 countries and
is the largest brand of Starwood Hotels and Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with more than 725 upscale and luxury
properties in 80 countries and 120,000 employees at its owned and managed
properties. With internationally renowned brands, Starwood is a fully
integrated owner, operator and franchiser of hotels and resorts including: St.
Regis, The Luxury Collection, Sheraton, Westin, Four Points and W Hotels
brands, as well as Starwood Vacation Ownership, Inc., one of the premier
developers and operators of high quality vacation interval ownership resorts.
For more information, please visit us at http://www.starwoodhotels.com.
SOURCE Starwood Hotels & Resorts Worldwide, Inc.
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Related links:
http://www.starwoodlodging.com
http://www.starwoodhotels.com
Company News On-Call:
http://www.prnewswire.com/comp/443150.html or fax,
800-758-5804, ext. 443150
CONTACT:
Katie Meyer, Vice President, Public
Relations, 914-640-8247, or e-mail,
katie.meyer@starwoodhotels.com; or Mark Ricci, Public Relations
Manager, 914-640-8496, or e-mail, mark.ricci@starwoodhotels.com,
both of Starwood Hotels & Resorts Worldwide, Inc.
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