Starwood Reaches a Milestone and Announces Its 20th New Hotel Signing in China - Sheraton Zhongshan Hotel; Sheraton Continues Its Expansion Stride in China - Hotel Set to Open in January 2009.WHITE PLAINS, N.Y. -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE NYSE See: New York Stock Exchange : HOT) and Zhongshan Garden Hotel Company Limited have announced an agreement to have Starwood manage the Sheraton Zhongshan Hotel in the Guangdong province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung of China. The newly built 350-room Sheraton Zhongshan Hotel is scheduled to open in January 2009 and will be part of a mixed-use complex that will also include an entertainment and retail center. Zhongshan is centrally located in the Pearl River Delta The Pearl River Delta Region (PRD) in China occupies the low-lying areas alongside the Pearl River estuary where the Pearl river flows into the South China Sea. Since the "Open Door Policy" was adopted by the Communist Party of China in the late 1970s, the portion of the delta in in Guangdong Province, 33 miles south of Guangzhou and approximately 75 minutes by ferry from Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and within a two-hour's drive from Guangzhou, Shenzhen, Zhuhai and Macau. Zhongshan city is well known for its cuisine Cuisine (from French cuisine, "cooking; culinary art; kitchen"; ultimately from Latin coquere, "to cook") is a specific set of cooking traditions and practices, often associated with a specific culture. and cultural heritage including the Dr. Sun Yet-Sun Museum (Dr. Sun is the founding father of modern China), scenic sights and hot spring resorts. The city is ranked the fifth largest city in foreign trade volume within Guangdong Province. Zhongshan has also witnessed rapid industrial development in recent years and is a fast emerging as the main production base in the Pearl River Delta. "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 Zhongshan Garden Hotel Company Limited to bring a new Sheraton to Zhongshan City," commented Miguel Ko, President of Starwood Hotels & Resorts, Asia Pacific. "With the addition of the Sheraton Zhongshan Hotel we will further strengthen our foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in the Pearl River Delta, a rapidly developing industrial base in China which has always seen strong demand for hotel rooms, given the growing number of international and domestic travelers coming here on business and leisure." The Sheraton Zhongshan Hotel will be located in Qijing Park North, Xidi Lu, Zhongshan City in Guangdong Province, providing easy access to the city's central business district and government offices. The hotel is also within walking distance to the famous "shopping street" in Zhongshan city and will feature 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 and spa as well as over 15,000 square feet of meeting space. Starwood Hotels & Resorts has expanded its portfolio in China significantly in the last two years with the opening of Sheraton hotels in Haikou on Hainan Island and Dongguan, Le Meridien She Shan, 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. , and 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. Shenzhen. In the past 24 months, the company has signed agreements to manage new hotels in Shenzhen, Xiamen, Beijing, Changsha, Haikou, Guiyang, Hong Kong, Dameisha, Urumqi, Changshu and Shanghai. With the signing of Sheraton Zhongshan Hotel, Starwood now has 20 hotels and resorts under construction in China under its Westin, Sheraton, W Hotels, Le Meridien and Four Points by Sheraton brands. 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 at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. 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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