Starwood Hotels & Resorts Worldwide, Inc. has announced plans to open 20 new Sheraton Hotels in 2012, with 12 in China.
“Sheraton’s impressive global pipeline is being fuelled by phenomenal demand in China and India as well as by a surge in high-quality conversions in developed markets,” said Simon Turner, president of Global Development for Starwood. “In Europe, there is a large landscape of independent hotels ripe for flags, and we’re also keenly focused on an expected uptick in portfolio transaction activity in North America, which should lead to even more conversion opportunities.”
Eight Sheraton resorts are planned for Asia, and the Sheraton Macao — Starwood’s largest hotel in the world — is expected to launch soon. The hotel company is also planning to open hotels in Indonesia, the Middle East and Eastern Europe, including Ukraine.