Starwood Invests More Than $400 Million in New York City Portfolio

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide Inc. today announced that together with its owner and developer partners, it has invested more than $400 million to revitalize its New York City portfolio of hotels. Newly renovated properties include the Sheraton brand’s flagship hotel – Sheraton New York Times Square Hotel, W New York – Times Square, W New York – Union Square, W New York, The Westin New York at Times Square, and The Westin New York Grand Central. Starwood has also enhanced its New York City portfolio with the addition of several new properties in the past three years including The Chatwal, a Luxury Collection Hotel, Sheraton Tribeca New York Hotel, and W New York – Downtown. All nine of Starwood’s global brands are represented in New York City, where the company has a total portfolio of 21 hotels.

“We are proud to offer travelers a truly outstanding selection of Starwood hotels in New York City, one of the world’s most visited destinations, attracting more than 50 million tourists annually,” stated Mary Casey, senior vice president of sales, North America, Starwood Hotels and Resorts. “We have not only made a significant investment in our New York City hotels, but have also added even more breadth to our portfolio through strategic conversions in many of the city’s most dynamic neighborhoods. The result is that Starwood’s New York City portfolio is fresher and stronger than ever before, making it an attractive choice for travel managers, meeting professionals, and travelers seeking to book memorable stays in this iconic city.”

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