Starwood Hotels Plans Return to Iraq 20 Years After Gulf War

Discussion in 'Starwood | Preferred Guest' started by sobore, Apr 29, 2012.  |  Print Topic

  1. sobore
    Original Member

    sobore Gold Member

    Messages:
    12,421
    Likes Received:
    33,847
    Status Points:
    16,520
    http://www.bloomberg.com/news/2012-...s-return-to-iraq-20-years-after-gulf-war.html

    Starwood Hotels & Resorts Worldwide Inc. (HOT), owner of the luxury St. Regis and W brands, plans to re- enter the Iraqi market, almost 20 years after exiting as a result of the Gulf War.

    Starwood signed agreements to operate two hotels in Erbil, Iraq, Guido De Wilde, senior vice president for the Middle East, said in an interview in Dubai today. The hotelier will operate a 250-room Four Points by Sheraton and a Sheraton property with 221 rooms and 39 suites in 2015.

    Starwood opened two hotels in Iraq in 1982, in Basra and Baghdad, that were closed following the eruption of the Gulf War in 1990. Erbil is Iraq’s fourth-largest city with a population of around 1.3 million. It is also the capital of Iraqi Kurdistan, which is generally perceived as safer region for business.

    “Now we are going back mainly into the autonomous regions,” De Wilde said. “We saw the opportunities for new hotels that opened there like Rotana, which are doing extremely well. There are positive elements there: oil, gas and stability.”

    Read More: http://www.bloomberg.com/news/2012-...s-return-to-iraq-20-years-after-gulf-war.html
     
  2. hotelsallover

    hotelsallover Silver Member

    Messages:
    155
    Likes Received:
    153
    Status Points:
    350
    Ver,very cool indeed. I imagine the rates will be sky -high.
     
    uggboy likes this.

Share This Page