18 Nov 2014
Catering to the Next Generation of Travelers, the 175 Room Hotel Will Open In Mid-2017
KATHMANDU, NEPAL – 18 November 2014 – Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) today announced its rapidly expanding Aloft brand will make a landmark debut in Kathmandu, the capital of Nepal. Owned by Chhaya Devi Complex Private Limited, the hotel is scheduled to open in mid-2017 as part of a mixed-use development. Aloft Kathmandu Thamel will feature 175 spacious, loft-like rooms, innovative technology and a lively, social atmosphere.
“Aloft will energize the lodging market in Kathmandu, Nepal and cater to the next generation of travelers with its emphasis on sleek design and live music offerings as part of the brands' cutting-edge music programming,” said Brian McGuinness, Senior Vice President, Specialty Select Brands for Starwood. “The popular Aloft brand is growing at a phenomenal pace and is slated to reach the 100th hotel milestone globally next year. Aloft Kathmandu Thamel will be a significant addition to our rapidly expanding portfolio.”
Centrally located, in close proximity to the commercial epicentre and leisure attractions of the city, Aloft Kathmandu Thamel is part of a mixed-use development that will include 6650 square meters of retail space. The hotel's stylish urban design, buzzing bar and vibrant social scene will make Aloft the hotspot in this popular tourist destination. Hotel facilities include the brands' signature dining venue Nook, a fitness centre, a swimming pool, a business center, guest car parking area; and 920 square meters of flexible meeting space that is ideal for both business meetings and social gatherings. In line with the Aloft brand's exceptional music programming, guests will enjoy live music performances featuring emerging local artists at the hotel's W XYZ® bar.
“We are delighted to partner with Starwood Hotels to introduce the stylish Aloft brand to Kathmandu. This market has been longing for a cool, design-led international brand hotel. We expect the signature W XYZ Bar to emerge as a leading social destination in Kathmandu,” said Prithivi Bahadur Pande, Chairman - Chhaya Devi Complex Private Limited.
“Aloft Hotels has emerged as a popular choice with owners and developers as the hotel brand that fills the void in the mid-market segment; and caters to the pent up demand for stylish, lifestyle hotel brands,” said Sudeep Jain Vice President Acquisitions and Development South Asia, Starwood Hotels and Resorts. “The brand's vibrant design and a social guest experience at an attractive price point have attracted loyal fans globally providing an impetus to the growth momentum the brand is gaining.”
Aloft hotels is the first hospitality brand to cater to 'always on' next generation of traveler by offering a tech-forward, vibrant experience and a modern style that is different by design; with the recent announcement for the appointment of A.L.O. as the hotel brand's first Botlr (robotic butler) at its Cupertino property. Additionally, every Aloft Hotel around the world features Live at Aloft Hotels, an ongoing acoustic performance series that has been a pillar of the brand since the inception of Aloft Hotels in 2008.
The signing of Aloft Kathmandu Thamel will strengthen Starwood's presence in South Asia. The hospitality giant is optimistic about the hospitality sector in Nepal and the opportunities it provides. This will be Starwood's second hotel in the country with a Sheraton Hotel already under construction.
About Aloft Hotels
With 100 hotels open now and coming soon in 14 countries around the world, Starwood's Aloft brand delivers a fresh approach to the traditional staid hotel landscape. For the 'always on' next generation of traveler, the Aloft brand offers a tech-forward, vibrant experience and a modern style that is different by design. For more information, please visit www.alofthotels.com. Aloft, like all brands within Starwood's portfolio, is proud to offer the Starwood Preferred Guest(R) program, the industry's richest loyalty program. To learn more, please visit spg.com.
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 Chhaya Devi Complex Private Limited
Chhaya Devi Complex private Limited is a limited liability company registered under the Company Act of Nepal. The company has been promoted by a group of reputed businessmen led by Mr Prithivi Bahadur Pande. The Company started construction of the project at the beginning of 2013. This mixed use development consists of 175 Aloft room along with multi-complexes, specialty restaurants, a food court and retail space.
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