Sheraton Hotels & Resorts Unveils First New-Build Sheraton Grand Property in China’s Hangzhou

HANGZHOU, China--(BUSINESS WIRE)--Sheraton Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced the opening of Sheraton Grand Hangzhou Binjiang Hotel, located in the heart of bustling business district of Hangzhou, China. The hotel is the first new-build property to join the brand’s premier tier of hotels, selected for their enticing destinations, distinguished designs, and excellence in service and guest experiences. Owned by China Yintai Holdings Co., Ltd, Sheraton Grand Hangzhou Binjiang Hotel is recognized for its spectacular views of the city and the Qiantang River and its premium location. Sheraton Grand is one of many initiatives currently underway for Sheraton 2020, a comprehensive plan designed to solidify Sheraton as a leading global hotel brand of choice, everywhere.