Starwood Hotels & Resorts to Double Portfolio in Russia And CIS With Seven New Hotels by 2015 – Starwood Announces Deal to Open Russia’s First Aloft Hotel
Starwood Hotels & Resorts Worldwide announced plans to expand its portfolio throughout Russia and the Commonwealth of Independent States (CIS). Over the next three years, Starwood will more than double its portfolio in the region with seven new hotels, including the debut of the Aloft brand in Russia with the new Aloft St. Petersburg, a deal that was announced today. Emphasising the importance of the region as one of the world’s fastest-growing hotel and travel markets, CEO Frits van Paasschen and members of Starwood’s senior executive team visited Russia this week, travelling to key growth markets, including Moscow, St. Petersburg, Sochi and Rostov-on-Don.