Starwood Hotels and Resorts and Zhejiang Haiwei have signed an agreement whereby Starwood will manage the Sheraton Hangzhou Hotel, Qianjiang.

The newly built 400-room Sheraton Hangzhou Hotel is scheduled to open in mid-2009.

We are honored to partner with Zhejiang Haiwei Holding Co., Limited to establish Sheraton Hangzhou Hotel. This hotel will be located in the high techonology Binjiang district along the southern bank of Qiantang River in Hangzhou, commented Miguel Ko, President of Starwood Hotels and Resorts, Asia Pacific.

Sheraton Hangzhou Hotel will be located in the Binjiang district of Hangzhou, which is being developed as the new downtown of Hangzhou city. The hotel will be built as part of an integrated multi-use complex, with offices, hotel and retail outlets.

The hotel will be about 20 minutes by car from the Xiaoshan International Airport and 10 minutes by car from the West Lake Scenic Area. Sheraton Hangzhou Hotel will offer 400 guest rooms, 21,100 square feet of meeting space, four restaurants and bars, a health club as well as an outdoor swimming pool.

In the past 24 months, Starwood Hotels and Resorts also signed agreements to manage 25 new hotels in Shenzhen, Xiamen, Beijing, Changsha, Haikou, Guiyang, Hong Kong, Dameisha, Urumqi, Changshu, Shanghai, Zhongshan, Zhejiang, Daning and Taiyuan. With the signing of Sheraton Hangzhou Hotel, Starwood now has 26 hotels and resorts under construction in China under its Westin, Sheraton, W Hotels, Le Méridien and Four Points by Sheraton brands.