Starwood Hotels & Resorts Reaches a Milestone in China, Announcing Its 50th Hotel in Greater China: Four Points by Sheraton Shanghai, Daning; Four Points by Sheraton Shanghai, Daning Will Be the Ninth Starwood Hotel in Shanghai.WHITE PLAINS, N.Y. -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE NYSE See: New York Stock Exchange : HOT) continues its aggressive expansion in China, announcing an agreement with 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. Forrester (Zhabei) Development Ltd. to manage the Four Points by Sheraton Four Points by Sheraton is Starwood Hotels & Resorts mid-market hotel brand, targeted towards business travelers and small conventions. Four Points was created by the former ITT Sheraton before Starwood acquired the firm in 1998. Shanghai, Daning. Starwood now has 50 hotels in Greater China, 25 of which are in operation and 25 under construction. Expected to open in 2008, the newly signed Four Points by Sheraton will be the ninth Starwood hotel in Shanghai, and the sixth Four Points by Sheraton in Greater China. Four Points by Sheraton Shanghai, Daning will consist of 315 rooms, 11,840 square foot 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, a health club, indoor swimming pool and a business center. The hotel will be part of the integrated "Daning - the Life Hub" which is an exciting, open-air, innovative and integrated urban lifestyle center which will soon debut in central Zhabei, north of Shanghai central business district. The Life Hub concept is the first of its kind in Shanghai, and is being constructed on a 592,000 square foot site with 15 high and low-rise buildings, 11 piazzas and courtyards, a mile long pedestrian A pedestrian is a person travelling on foot, whether walking or running. In modern times, the term mostly refers to someone walking on a road or footpath, but this was not the case historically. History Walking is the primary means of human locomotion. promenade promenade Public place where people walk (or, in the past, rode) at leisure for pleasure, exercise, or display. Promenades are pedestrian avenues pleasingly landscaped or commanding a view, often located along waterfronts and in parks. Vehicular traffic may or may not be restricted. , retail center, hotel, grade "A" offices, home offices and residential apartments. "We are honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to partner with Shanghai Forrester (Zhabei) Development Ltd. to establish this new hotel, which will be an excellent addition to our portfolio in Shanghai and in China," said Miguel Ko, President for Starwood Hotels & Resorts, Asia Pacific. "Keeping with Four Points by Sheraton's commitment to providing honest, uncomplicated comfort, this hotel will offer travelers a new kind of style combined with spirited "can do" service at an honest value." China's economy grew by more than 10% in the first quarter of 2006 and inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound travel is expected to grow by 8% in the next five years. It is predicted that China will become the world's largest inbound tourism nation by 2019. Such strong growth is certainly a good sign for the travel industry, and for international hotel companies like Starwood. With this addition, Starwood will be able to offer travelers a choice of nine upscale hotels in the exciting cosmopolitan cos·mo·pol·i·tan adj. Growing or occurring in many parts of the world; widely distributed. n. A cosmopolitan organism. hub of Shanghai: * Four Points by Sheraton Shanghai, Pudong (opening mid 2006) * Four Points by Sheraton Shanghai, Daning (opening mid 2008) * Sheraton Shanghai Hotel & Residences (opening 2008) * W Shanghai - Pudong (opening 2008) * Le Royal Meridien Shanghai (opening 2006) * Le Meridien She Shan Shanghai * The Westin Shanghai * St. Regis Hotel, Shanghai * Sheraton Grand Tai Ping Yang yang (yang) [Chinese] in Chinese philosophy, the active, positive, masculine principle that is complementary to yin; see yin, under principle. Hotel, Shanghai 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.
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