Starwood signs landmark deal for three hotels in Havana
Friday, 21 Mar, 2016
0
Starwood Hotels and Resorts will become the first American hospitality company for more than half a century to enter the Cuba market
It has signed deals to convert three existing hotels in Havana.
The Hotel Quinta Avenida will join Starwood’s Four Points by Sheraton brand while Hotel Inglaterra will become a Luxury Collection hotel.
Starwood also signed a letter of intent to convert the Hotel Santa Isabel to a Luxury Collection hotel.
"There is no question the entire US hospitality industry has watched Cuba with great interest, and we are thrilled to lead the charge and bring our high-end brands into the market at this inflection point," said Starwood Thomas Mangas.
Starwood’s suitor Marriott International also said it has been authorized to ‘develop a hospitality relationship with potential partners’ in the country.
Marriott’s planned takeover of Starwood was in major doubt after Starwood said it would press ahead with a competing bid from a consortium led by China’s Anbang Insurance Group.
However Marriott has agreed to sweeten its original offer, trumping Ambang’s bid of $78 a share.
"We are pleased that Marriott has recognized the value that Starwood brings to this merger and enhanced the consideration being paid to Starwood shareholders," Starwood chairman Bruce Duncan said.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports