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• Aloft Brand Debuts in Silicon Valley

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• Aloft Hotels Debuts in Tampa

• Aloft to Open Four Hotels in Latin America in Next Two Years

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• Four Points by Sheraton to Debut in Kelowna, British Columbia

Sheraton Hotels Invests to Renovate Flagship Properties Across the Globe

4/19/2012

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. announced that its largest brand, Sheraton Hotels, and its owners are investing more than $350 million to enhance its flagship properties around the world.

Starwood will unveil several large-scale renovation projects this year including the $160 million renovation of the Sheraton New York Hotel & Towers, the multi-million dollar refurbishment effort of the Sheraton Grand Hotel & Spa in Edinburgh, and the $20 million renovation of the Sheraton Mirage Resort & Spa Gold Coast in Australia. In addition, several Sheraton landmark hotels will kick-off impressive, multi-million dollar renovations this year, including the Sheraton Rio Hotel & Resort in Brazil, Sheraton Maria Isabel Hotel & Towers in Mexico City, and the Great Wall Sheraton Hotel Beijing, Sheraton Xian Hotel, Sheraton Chengdu Hotel and Sheraton Nanjing Hotel in China.

“We are delighted to follow our highly successful $6 billion brand-wide revitalization with a significant investment in several of our flagship properties,” said Hoyt Harper, global brand leader for Sheraton Hotels & Resorts. “As business and leisure travel continues to gain momentum, Sheraton is well positioned to meet the increased demand for high-caliber lodging with upgraded brand offerings and a line-up of freshly renovated landmark hotels in key cities across the globe.”

This month, the Sheraton Grand Hotel & Spa in Edinburgh, Scotland will unveil its multi-million dollar make-over. The UK’s flagship Sheraton Hotel will offer fully refurbished guestrooms, over 14,000-square-feet of newly renovated meeting and event space, and a new restaurant and bar.

The Sheraton Mirage Resort & Spa Gold Coast in Australia will soon unveil its $20 million facelift including updates to the hotel entry, the elevators, corridors and 293 guestrooms and suites.

The Great Wall Sheraton Hotel Beijing is gearing up for a $50 million renovation. Over the next three years, The Great Wall Sheraton Hotel Beijing will undergo an overhaul of its three wings, including renovation of all guestrooms, public spaces, and all food and beverage outlets.

This April, the Sheraton Rio Hotel & Resort in Brazil will start the first phase of its $30 million renovation effort that includes updates to the hotel’s 542 guestrooms, Sheraton Club floors and club lounge, lobby, and lobby bar. Sheraton Rio Hotel & Resort will also add a new Shine Spa and Sheraton Fitness Programmed by Core Performance gym. The Convention Center will also be expanded from 22,400-square-feet to 27,400-square-feet.

The Sheraton New York Hotel & Towers is also nearing the completion of a multi-million dollar renovation. Led by interior architectural firm Wilson Associates, the 50-story hotel has undergone a $150 million redesign scheduled for completion in April.

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