Article: Starwood Hotels & Resorts to Open its 1000th Hotel

W Hotels issued the following news release:

From the American Lodging Investment Summit (ALIS) in San Diego, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announces it will open its 1000th hotel in 2009. The milestone comes as part of the company's plan to open 100 hotels this year in diverse markets throughout the world.

Focused on opening the right properties in the right places with the right partners, Starwood remains on-track to expand its portfolio by more than 40 percent in the next five years. Starwood's pipeline consists of more than 400 hotels - 60 percent of which currently are outside of the United States.

"By working closely with our development partners, we ...

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