Starwood wants to share its hospitality with travelers worldwide. Sheraton Hotels & Resorts, the largest brand in Starwood Hotels & Resort's portfolio, operates a leading chain of upscale hotels located around the globe. The company's properties target both business and leisure travelers with full-service accommodations, fine dining, and other amenities. Its Four Points by Sheraton brand properties typically feature smaller locations with limited service and amenities such as high speed Internet access and fitness centers. Sheraton was founded in 1937 by Ernest Henderson and Robert Moore. The chain was acquired by Starwood in 1998.
Sheraton operates about 400 properties in some 70 countries worldwide. Its Four Points by Sheraton brand includes approximately 160 additional properties.
Sheraton recently completed a $6 billion global revitalization and is in the midst of a $6 billion global expansion over the next three years. The company has ambitious international expansion plans as it expects an influx of new international travelers from emerging markets, specifically in Eastern European and Asian countries. Sheraton plans to open hotels in the US, China, Colombia, India, Russia, Slovakia, Taiwan, and Vietnam.
In 2012 Sheraton invested more than $230 million to refurbish its four iconic Hawaiian properties. The revitalization projects include the $188 million renewal of the Sheraton Waikiki, the $6.5 million renovation of the Sheraton Maui Resort & Spa, a $16 million upgrade to the Sheraton Kauai Resort, and a $20 million refresh of the Sheraton Kona Resort & Spa at Keauhou Bay.
The company hopes to complete the $45 million renovation of the Sheraton New Orleans Hotel in 2013, which will include state-of-the-art meeting facilities.
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