Significant
growth spurred by Le Méridien brand transformation and deal signing
momentum in both established and emerging markets globally
NEW YORK – Le Méridien Hotels & Resorts has announced a
significant growth pipeline with nine new hotels expected to open within
the next 12 months.
Since its 2005 acquisition by Starwood Hotels
& Resorts (NYSE: HOT), both Starwood and its hotel ownership groups
have transformed Le Méridien into a contemporary, design-led lifestyle
brand.
Le Méridien, which at the time
of its purchase offered a strong international complement to Starwood’s
then primarily North American holdings, continues to provide
opportunities for new deal signings and conversions in both emerging and
established markets, respectively.