W Hotels to Open Its First Resort; W Maldives-Fesdhu Resort Opening in 2005.Business Editors WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 25, 2004 W Hotels, the world's fastest growing style brand, continues its rapid global expansion with the announcement of its first resort property, the W Maldives-Fesdhu Resort in the Republic of Maldives, scheduled to open in late 2005. Starwood Hotels & Resorts Worldwide, Inc. (NYSE NYSE See: New York Stock Exchange :HOT), W's parent company, has formed a joint venture company with Universal Enterprises Ltd. that will develop and own this newly built resort featuring 80 over water and 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. villas on a private island. Starwood will own 50 percent of the resort. "With its pure white sand beaches, turquoise lagoons and careful and pristine approach to tourism, the Maldives is an excellent location for our first W resort," said Barry S. Sternlicht, Starwood's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and the creator of W Hotels. "The W Maldives will appeal to sophisticated travelers searching for an exotic destination that is truly extraordinary." Located southwest of Sri Lanka on the equator, the Maldives comprises 1,190 coral islands, forming an archipelago of 26 major atolls. With a proud history and rich culture that evolved from the first settlers from various parts of the world since ancient times, the Maldives is a melting pot of different cultures. W Maldives-Fesdhu Resort will have the sole private and exclusive use of Fesdhu Island. The island, with its expansive and beautiful lagoon, will enable the resort to feature 50 over water villas and 30 beachfront villas. The resort's spectacular villas and guest facilities will incorporate a unique blend of Maldivian island village design, together with the contemporary W design features for which the brand has become world-renowned. The resort will offer its guests unique W 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. concepts, innovative W recreation, water sports water sports Urophilia, see there and dive center facilities and W The Store. The resort will also feature W Hotels' signature service commitment that provides "whatever you want, whenever you want it." When it opens, The W Maldives will be the brands 21st hotel and the third in Asia Pacific. The W Hotel concept was first introduced to Asia-Pacific with the opening of W Sydney in 2000. W Sydney today enjoys a reputation as one of the most popular spots in Sydney and has been recognized with an array of design and hospitality awards. The W Seoul Walkerhill The W Seoul Walkerhill, opened in August, 2004, is a luxury "boutique"<ref name="koreatimes" /> hotel, part of the W Hotel brand owned by Starwood. It stands on the slopes of Mount Acha overlooking the Han River in the tourist-oriented Walkerhill area, Gwangjin-gu, will debut in July 2004. The first W Hotel opened in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of in December 1998. There are now five hotels in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. (W New York, W New York - The Court, W New York - The Tuscany, W New York - Union Square and W New York-Times Square) and 18 hotels brandwide. This summer, W will open the W Montreal and the W Seoul Walkerhill, and W Hotels are under construction in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. and Dallas, Texas. Starwood Hotels & Resorts expanded its portfolio in Asia Pacific significantly since last year with the opening of its first resort in China, Sheraton Sanya Resort, Hainan Island, China, followed by Sheraton Jiuzhaigou Resort in the World Natural Heritage site of Sichuan province, China, Sheraton Krabi Beach Resort in Thailand, The Westin Resort Nusa Dua Bali and other hotels in Dongguan, China, Saigon and Hanoi, Vietnam and Bangkok, Thailand. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 740 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, 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. , W 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 www.starwood.com |
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