Hotel sector hots up

STARWOOD Hotels & Resorts Worldwide Inc has signed an agreement with IOI Properties Group to manage two hotels — Four Points by Sheraton Puchong and Le Méridien Putrajaya, slated to open this year and next year, respectively.

These two new hotels will add 599 rooms to Starwood’s robust portfolio in the country and reflect Starwood’s desire to expand into the fast growing districts of Malaysia. Puchong and Putrajaya are part of the Klang Valley area, which includes Kuala Lumpur and its suburbs and adjoining cities and towns in the state of Selangor.