Starwood Signs Three New Hotel Deals Becoming First U.S. Hospitality Company to Operate in Cuba

March 21, 2016

HAVANA- March 21, 2016 - Starwood Hotels & Resorts Worldwide, Inc. ("Starwood") (NYSE:HOT) today signed three new hotel deals in Cuba, marking the first U.S. based hospitality company to enter the market in nearly 60 years. This announcement follows receipt of authorization from the U.S. Treasury Department for Starwood to operate hotels in Cuba. Long-time Havana icon, Hotel Inglaterra, will join The Luxury Collection and Hotel Quinta Avenida will become a Four Points by Sheraton. Both hotels will undergo renovations before raising their new brand flags later in 2016. The Company also announced that it has signed a Letter of Intent ...