This marks the brands first institutional investor, underscoring the confidence developers and Choice Hotels have already expressed for the emerging brands performance potential.
International hotel investors have clearly set their eyes on Asia and the Middle East - 770 hotels currently arise between Dubai and Shanghai. For comparison: in Europe 204 new first class and luxury hotels are being developed, in the USA and Canada just 112 hotels.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that it will increase its operating hotel footprint in Latin America by 50 percent during the next five years, opening an average of seven new hotels per year in the region.