TCC Hotels Asset Management & STARWOOD HOTELS & RESORTS EXPANDS PRESENCE IN THAILAND WITH THE DEBUT OF SHERATON SAMUI RESORT

 

Renowned Sheraton Brand Debuts In Koh Samui, Thailand’s Second Largest Island, Signifying Starwood’s Confidence In The Long-Term Growth Plan Of The Destination

BangkokTHAILAND – July 22, 2014 – Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced its world-renowned Sheraton brand will continue to expand its footprint in Thailand with the signing of Sheraton Samui Resort in Koh Samui, Thailand’s second largest island after Phuket. The agreement with TCC Hotels Asset Management , a member of the TCC Land Group, marks the conversion of the existing 141-room Imperial Samui Beach Resort to a Sheraton. The rebranding is anticipated to take place by December 2014.

“We are pleased to be able to continue the partnership and further strengthen our relationship with TCC Hotels Asset Management , one of the leading developers in Thailand, on this conversion in Koh Samui, a popular resort destination,” said Lothar Pehl, Senior Vice President, Operations and Global Initiatives and Regional Vice President, Thailand, Cambodia and Vietnam; and Japan, Korea and Guam, Starwood Hotels & Resorts. “As the leading hospitality company, Starwood is committed to enhancing the infrastructure and standards of the hospitality industry; especially in light of the forthcoming ASEAN Economic Community that is set to increase regional travel.”

Sheraton Samui Resort marks the 7th property managed by Starwood under the ownership of TCC Hotels Asset Management and is testament to the strength of the relationship. The other six properties that have resulted from the long-term partnership in Asia Pacific includes the Le Meridien Angkor, Le Meridien Bangkok, Le Meridien Chiang Mai, Vana Belle, a Luxury Collection Resort, Koh Samui and The Westin Kuala Lumpur; alongside Plaza Athenee, a Royal Meridien Hotel that recently re-committed to an extension under Starwood’s management.

With near to hourly departures to and from Bangkok, and excellent direct international accessibility from key feeder markets such as Hong Kong and Singapore, Koh Samui is easy to reach. Approximately a 15-minute drive from the Koh Samui International Airport, Sheraton Samui Resort sits on Chaweng Noi Beach, one of the most beautiful and longest stretches of white sandy beach on the east coast of Koh Samui. The town of Chaweng, a vibrant shopping and entertainment area, is also only a short 3km away.

On completion of the rebranding works, guests can enjoy all the Sheraton brand’s popular amenities and services including the signature Link@Sheraton® experienced with Microsoft® where guests can come together to meet, connect and relax. In addition, all 141 guest rooms will feature the signature Sheraton Sweet Sleeper™ Bed with a plush mattress and luxurious sheets. Guests can also continue to enjoy the resort’s choice of two swimming pools – a fresh water swimming pool and the salt water swimming pool that offers breathtaking views of the Gulf of Thailand. The property will open the Sheraton brand’s signature Shine Spa and also include a well-equipped gym with the brand's revolutionary health and fitness program, Sheraton® Fitness by Core Performance™. The resort will also feature a Kids’ Club and debut the brand’s all-day dining concept, Feast; in addition to the existing plethora of dining venues including the beach and pool bars, Sky Light Lounge and Tara Restaurant.

“The expansion and rebranding emphasize TCC Hotels Asset Management confidence and commitment to the future of Thailand's tourism industry as it continues to embrace the advent of the ASEAN Economic Community in 2015,” highlighted Khun Wallapa Traisorat, President of TCC Hotels Group, a member of the TCC Land Group.

“Starwood has developed a conversion-friendly strategy for existing hotels to meet the demands of owners and guests. With our powerful platforms, we are able to position properties into the Regionnal growing tourism sector.

Sheraton Samui Resort is the newest addition to Starwood’s dynamic portfolio of 23 properties in Thailand under eight of its brands: St. Regis, The Luxury Collection, W Hotels, Sheraton, Westin, Le Méridien, Aloft and Four Points by Sheraton. Sheraton currently operates five hotels in the Thai kingdom, including Royal Orchid Sheraton Hotel & Towers, Sheraton Hua Hin Resort & Spa, Sheraton Hua Hin Pranburi Villas, Sheraton Krabi Beach Resort, and Sheraton Pattaya Resort. And Sheraton Samui Resort will be Starwood's fourth property on Thailand's second largest island following the successes of Vana Belle, A Luxury Collection Resort, Koh Samui, W Retreat Koh Samui, I, and Le Meridien Koh Samui Resort & Spa.

About Starwood Hotels & Resorts Worldwide, Inc. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with nearly 1,200 properties in 100 countries, and 181,400 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element®. The Company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. For more information, please visit www.starwoodhotels.com

About Sheraton Hotels & Resorts Sheraton helps guests make connections at more than 400 hotels in nearly 70 countries around the world. The brand recently completed a $6 billion global revitalization and is now in the midst of an $8 billion global expansion over the next three years. Sheraton is owned by and is the largest and most global brand of Starwood Hotels & Resorts Worldwide, Inc., one of the leading hotel and leisure companies in the world with nearly 1,200 properties in 100 countries and 181,400 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element®. The Company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. For more information, please visit www.starwoodhotels.com.

About TCC Hotels Asset Management TCC Hotels Asset Management is a member of the TCC Land Group, one of Thailand’s most prominent conglomerates. Its core business is to develop and to invest in a wide range of real estate projects including: residential, office buildings, hospitality, the retail sector, and large-scale community development project under its Master Plan. TCC Land’s expertise also extends to property and land management not only in Thailand but also in other countries worldwide.