| VENUE NEWS 04.10.08 11:36 AM |
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| Sheraton Launching Large Expansion Project |
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On Monday, Sheraton announced its plans to open 54 hotels—that's 20,000 guest rooms—worldwide by 2009. This equates to a $2 billion investment in new North American properties, including hotels in Dallas, Denver, Minneapolis, Phoenix, and Washington, D.C.
The push is an attempt on Starwood's part to revitalize the Sheraton brand. The announcement marks the first phase of a multi-year plan to spend an additional $1.3 billion renovating 100 U.S. hotels (roughly half of Sheraton's North American locations), including some 50,000 guest rooms and 100 lobbies.
Also on tap: New York City properties set to open in Brooklyn and TriBeCa in 2009.
—Courtney Thompson
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RELATED TOPICS
Sheraton Hotels & Resorts,
Starwood Hotels & Resorts
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