"Sheraton is the number one contributor to Starwood's global growth and has given us a significant lead in many fast-developing markets," said Simon Turner, President of Global Development for Starwood.
Hilton Hotels & Resorts has announced its annual Brand Awards of Excellence winners in Asia Pacific. Each year, Hilton honors properties for outstanding performance in multiple categories across marketing, food and beverage, housekeeping and brand culture.
Pacific Star, an Asia-focused real estate investment firm, said it would spend about $250 million to build a Four Seasons Hotels and Resorts in Kyoto, betting on demand for upscale western-style lodging in Japan's ancient capital.
The hotel is situated at the gateway to the Andes mountain sanctuary Machu Picchu. The 153-room property will feature customized design built around a colonial church and ancient Inca artifacts found on the site. It will also include a museum of prominent artefacts, many of which will be preserved in-situ.