Le Meridien Continues Expansion in Asia Pacific with Announcement of a New Hotel in Pattaya: First Le Meridien Hotel Signing in Asia Pacific since Starwood's Recent Acquisition of the Brand.SINGAPORE -- Le Meridien Pattaya Resort will be Starwood's 17th hotel in Thailand Starwood Hotels & Resorts Worldwide, Inc. (NYSE NYSE See: New York Stock Exchange : HOT) newest global hotel brand Le Meridien Hotels & Resorts, continues to expand its presence in Asia Pacific with the signing of Le Meridien Pattaya Resort, Thailand. Starwood Hotels & Resorts and Grande Equity Development Company Limited announced the agreement today to manage this brand new resort along Jomtien Beach in Pattaya, which will open in January 2009. The Le Meridien Pattaya Resort will be part of one of Pattaya's foremost upscale beachfront beach·front n. A strip of land facing or running along a beach. adj. Situated along or having direct access to a beach: beachfront hotels; beachfront property. Noun 1. resort developments, which comprises unbranded condominiums and the resort. The development is strategically located in a prime position, only 150 km or 1.5 hours' drive from Bangkok Bangkok (băng`kŏk'), Thai Krung Thep, city (1990 pop. 8,538,610), capital of Thailand and of Bangkok prov., SW Thailand, on the east bank of the Chao Phraya River, near the Gulf of Thailand. and less than an hour's drive from Bangkok's new International Airport when it officially opens in 2006. The resort will feature 250 rooms, 11,000 square feet of meeting space, three food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. outlets, an outdoor swimming pool and a full service spa. "We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to be announcing a new Le Meridien hotel in Pattaya - especially as this is the first hotel signing in Asia Pacific for Le Meridien since they became part of Starwood Hotels & Resorts in late November 2005," said Michael Wale wale n. A mark raised on the skin, as by a whip; a weal or welt. v. To raise marks on the skin, as by whipping. , Senior Vice President Le Meridien Operations. "This new resort further reinforces our commitment to grow and enhance our newest brand globally with particular emphasis in Asia-Pacific, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The brand has a healthy development pipeline already in place, with over 10 hotels planned to open in 2006 in destinations such as India and China, including Le Royal Meridien Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. . We see great potential for the Le Meridien brand and it is a perfect complement to the Starwood portfolio, with its European heritage, international footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. and unique guest culture." "Le Meridien Pattaya Resort marks Starwood's second resort in Pattaya and its 17th in Thailand. This latest addition to the Le Meridien portfolio is an exciting and significant development for Starwood. Besides reflecting our focus to grow this brand, Le Meridien Pattaya Resort also strengthens Starwood's commitment to Thailand, while further expanding on the wonderful Le Meridien resorts we can offer our guests around the world," said Miguel Ko, President, Starwood Hotels & Resorts Asia Pacific. Starwood currently operates 12 hotels in Thailand - Bangkok, Chiangmai, Samui, Pattaya, Krabi and Phuket, with 5 under development in Bangkok, Chiangmai, Pattaya, Phuket and Hua Hin
Le Meridien Hotels & Resorts, with its portfolio of more than 120 luxury and upscale hotels in 49 countries worldwide, is owned by Starwood Hotels & Resorts Worldwide, Inc. Le Meridien enjoys a strategic alliance with JAL-owned Nikko Hotels, providing loyal guests access to an additional 52 properties around the world. In the 2005 Luxury Brand Status Index survey Le Meridien was recognised as one of the top 15 luxury hotel brands. For more information, please visit www.lemeridien.com. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties. Starwood(R) Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, W(R), Le Meridien(R) and the recently announced Aloft(SM). Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com. (Note: This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of federal securities regulations. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties and other factors that may cause actual results or events to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results and events will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.) |
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