Starwood Expands In South America

Zacks.com:

Starwood with its Luxury Collection brand plans to double its portfolio in South America. A gradual recovery of the global economy is pushing demand in the hotels and lodging industry. Thus the company in a franchise agreement with Libertador Hotels, Resorts & Spas plans to open three Luxury Collection hotels in Peru, of which two have already been opened.

The company opened its first luxury collection resort, Hotel Paracas, in Peru on January 12, 2010, and the second resort, Tambo del Inka, also in Peru on June 28, 2010. The third luxury collection hotel, Palacio del Inka, is expected to open in 2011.

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