Ukraine has not reached five stars

07.07.2010

The owner of a known network of five-star hotels Sheraton company Starwood Hotels and Resorts Worldwide has decided to wait a little with a conclusion to Ukraine a flagman brand. Yesterday отельер has declared, that the first hotel of the company in Ukraine becomes Four Points **** – it will construct in Zaporozhye. The nearest five years five-star hotels will not be demanded in the country, experts consider: now consumers interests not only service, but also the price.

Starwood Hotels and Resorts Worldwide (SH*RW) has concluded from 'Budhouse Groups' the contract on management of new hotel in the center of Zaporozhye with signboard Four Points on 167 rooms. The hotel will be constructed on the corner of parkway Shevchenko and Tbilisi street. Construction is planned to finish in the spring of 2011.

Starwood Hotels and Resorts Worldwide Inc. Operates 992 hotels (298 thousand rooms) in 100 countries: own 63, 440 in management and 476 franchis. Unites hotel networks Sheraton, Westin, Four Points by Sheraton, Le Meridien, St. Regis, The Luxury Collection, W Hotels and Element by Westin. The proceeds in 2009 financial year – $4,7 bn, EBITDA – $686 million, net profit – $20 million Capitalization on NYSE yesterday – $7,75 billion Now Four Points by Sheraton unite 148 hotels on 24,9 thousand rooms.

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