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Approximately 20% of the deals signed in 2012 were conversions of existing properties, of which 12 opened during the year. Starwood Hotels & Resorts Worldwide on Wednesday that in 2012 it signed the most deals since the onset of the global economic crisis. Before year-end, the company expects to have signed in excess of 125 new hotel management and franchise agreements, surpassing last year’s deal signings by approximately 13%. Starwood expects to have opened 71 new hotels, representing approximately 18,500 rooms in 20 countries. Since 2007, Starwood has added over 100,000 gross new hotel rooms to its system. Approximately 20% of the deals signed in 2012 were conversions of existing properties, of which 12 opened during the year. |
