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Sheraton Kigali to Open in 2018




Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it has signed an agreement with Century Park and Hotel Residences Ltd. to open a new Sheraton hotel in Kigali, the capital city of Rwanda. Scheduled to open in 2018, Sheraton Kigali will mark Starwood’s entry into Rwanda and will be the company’s 50th hotel in Africa. With this signing, Starwood is on track to increase its African portfolio by over 30% with more than 15 new hotels to open over the next five years.


“We look forward to partnering with Century Park and Hotel Residences on this milestone entry into Rwanda as we continue to expand our presence in Africa,” said Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. “Our innovative approach to managing lifestyle brands continues to set us apart from the competition and, with the signing of this agreement, we are proud to debut Starwood and the Sheraton brand in Rwanda’s economic, cultural, and transport hub.”




Sheraton’s project in Rwanda is at an advanced stage, said Ms. Jamal.




Speaking at an award ceremony in honour of travel agents in Kenya, Sabre East Africa managing director Nazma Jamal said the region’s tourism sector has a huge potential and is poised for a remarkable growth. Starwood Hotels and Resorts Worldwide, a US hotel chain, plans to open six hotels in Kenya, Tanzania and Zanzibar in the next three years under the Sheraton franchise. Sheraton’s project in Rwanda is also at an advanced stage. SOURCE :4-traders.com : HERE 


Century Park Hotel & Residences Ltd plans to develop a five star hotel that will be managed by an international hotel management group (Starwood under the Sheraton brand). Negotiations are under way for a 185- hotel bed and 15 apartment rooms 5 star hotel estimated to cost over $66million. This will be the fourth 5 star hotel in the country after Kigali Serena Hotel, Kigali Marriott Hotel and Kigali Convention Centre both under construction. Century Park Hotels and Residences Ltd, a Chinese construction firm, has acquired 7.6 hectares of land near the Tennis Club in Remera sector for development. SOURCE : CENTURY PARK : HERE





Starwood Hotels & Resorts soon in Rwanda ?




Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) continues to strengthen its position as a leading global hotel operator in Africa with the signing of three new Sheraton hotels, marking the entrance of the company into Mauritania, Guinea and South Sudan by 2017. With these signings, Starwood is on track to increase its African portfolio by over 30% with more than 15 new hotels set to open over the next five years. This growth will add more than 5,000 guest rooms to the continent and create thousands of local employment opportunities.

“Our development strategy is focused on working with the right partners on the right deals in the right locations. We are proud to enter these long-standing partnerships with three landmark agreements to grow Starwood’s portfolio in key markets throughout Africa.”

Emphasizing the importance of the region as one of the world’s fastest-growing hotel and travel markets, Chief Executive Officer Frits van Paasschen and members of Starwood’s senior executive team just returned from visiting Africa for the fourth time in the last year. The team met with hotel owners, customers, government officials and investors in Rwanda, Guinea and South Sudan as the company remains focused on increasing its footprint in Africa.

“Africa is home to many of the world’s fastest growing economies, and there could not be a better time to expand our footprint here,” said Frits van Paasschen, President and CEO, Starwood Hotels & Resorts. “With increasing stability, vastly improving infrastructure, rapid economic growth and a booming mobile industry, this is Africa’s shining moment and we are committed to being a part of it.”



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