Westin Hotels Expands Footprint in Latin America with New Resort in Costa Rica

“We are delighted to once again establish a presence in Costa Rica with next year’s opening of The Westin Playa Conchal Resort & Spa, one of four new Westin properties slated to open in Latin America by the end of 2011. The Westin brand is at a pivotal point in its life cycle with an unprecedented opportunity for global growth and well on its way to establishing itself as an international market leader,” said Simon Turner, President of Global Development for Starwood.

“Starwood is proud to expand the Westin Resorts portfolio with the addition of The Westin Playa Conchal Resort & Spa. Recent growth in the all-inclusive luxury resort market in Mexico and Central America, coupled with increasing demand from our SPG members seeking vacation packages have created fertile conditions for our entry in the all-inclusive market,” said Osvaldo Librizzi, President of Starwood Hotels & Resorts Latin America. “Known for its spectacular beaches, volcanoes and tropical forests, Costa Rica is a popular tourist and leisure destination and a terrific choice for the expansion of the Westin brand, which expects to nearly double its portfolio in Latin America by 2014.”

The Westin Playa Conchal Resort & Spa will be the first Starwood property in Costa Rica in 20 years and the newest member of the Westin brand’s resorts portfolio, which offers 40 resorts in the world’s most sought-after vacation destinations. Westin currently has five hotels in Mexico and one in Guatemala, and will be opening five more in Latin America in the next four years including The Westin Playa Conchal Resort & Spa, Costa Rica; The Westin Libertador, Lima, Peru; The Westin Guadalajara, Mexico; and two in Panama: The Westin Panama and The Westin Playa Bonita.

Desarrollos Hoteleros Guanacaste is a fully owned subsidiary of Reserva Conchal, an upscale mixed-use development located in Guanacaste, Costa Rica. Reserva Conchal is an environmentally-sensitive development. Reserva Conchal is a fully owned subsidiary of Florida Ice & Farm Co., a publicly traded company in the Costa Rican stock exchange.