Starwood Continues Expansion in India of Mid-Market Four Points by Sheraton - Hotels with Signing of Non-Exclusive Master Agreement with an Affiliate of Duet India Hotels Ltd and JHM Interstate Hotels India Pvt. Ltd.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the signing of a Non-Exclusive Master Agreement with D.I.H (Cyprus) Limited (an affiliate of Duet India Hotels Ltd.) and JHM Interstate Hotels India Pvt. Ltd. The agreement was signed concurrently with the execution of the agreement for the Four Points by Sheraton Pune, Nagar Road. The Non-Exclusive Master Agreement also covers the Four Points by Sheraton Jaipur City Square which opened in October 2009 and Four Points by Sheraton Visakhapatnam. Four Points by Sheraton Pune, Nagar Road and Four Points by Sheraton Visakhapatnam are both targeted to open in October 2010.