Accelerating portfolio growth in Latin America, Starwood Hotels & Resorts Worldwide, Inc. announced the opening of its second Westin hotel in Panama.
Ideally
located in Costa
del Este, Panama City’s newest, upscale
corporate and financial center, The Westin Panama is the third
Starwood property developed and operated by Bern Hotels &
Resorts, Panama’s largest hotel developer and operator. With the
opening of The Westin Panama, Starwood Hotels now has
seven hotels
in Panama.
The
Westin Panama boasts 218 rooms, including 45 suites, world-class
dining and 14,460 square feet of state-of-the-art meeting and
function space. The newly constructed hotel is a key element of
the Costa del Este financial center, which includes several
luxurious real estate developments, numerous multi-national corporate
offices and a boardwalk lined with shops and restaurants. Costa
del Este is just 15 minutes from downtown Panama
City and less than 30 minutes from Tocumen
International Airport via the Corredor Sur.
Starwood’s
portfolio in Latin America continues to grow. More than
2,500 rooms were added to in the past 24 months, representing an
increase of 20 percent after the opening of The Westin Panama.
Contributing to that growth, Westin has nearly doubled its portfolio
in Latin America in just the past 18 months as part of the
brand’s strategic expansion in emerging markets. With the opening
of The Westin Panama, Westin now has 12 hotels in Latin
America, spanning five countries including Panama, Mexico, Peru,
Costa Rica and Guatemala. On track to open its 200th hotel in 2013,
Westin will open the vast majority of its new hotels outside of North
America.