Quote:
Originally Posted by terryaki
Where is this source from and how credible is it?
A W?!? To be frank, I'm highly skeptical. No offense to fellow Salt Lakers, but it just seems very.... out of character for Starwood Hotels (the parent company) to be considering SLC as a new location. W Hotel is all about urban youth and modernism, which is something I really don't correllate with Salt Lake City (unfortunately). Starwood building a Westin I can definitely see, but not W. Needless to say, if this rumor turns out to be true, then it would be a very, very good thing for our city.
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I think SLC is a great city, but you're right. Starwood is VERY picky with the location of their W brand. However, there is another possibility.
In 2005 Starwood launched a new slightly more mass-market hotel called Aloft....what it calls a 'Vision' of their W hotel. It is built under the W umbrella and is considered to be the child of the W. Sharing the W's DNA according to the website.
http://www.starwoodhotels.com/alofthotels/index.html
Here's a section from their pre-launch press release. They hadn't released the name yet, so just replace all the XYZ's with Aloft.
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STARWOOD HOTELS UNVEILS NEW BRAND
With the DNA of W Hotels, “Project XYZ” to Introduce Style, Design and Whimsy
at Comfortable Rates
New York, NY, June 6, 2005. Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) will debut a new hotel brand to provide style, design and energy at comfortable rates. Currently referred to as “Project XYZ”, the brand is being developed by the team that created W Hotels, widely regarded as the most successful new hotel brand in decades. Sharing some of the characteristics of what the industry refers to as select service, XYZ will create a new category leveraging its W lineage and delivering a unique lifestyle experience which has been historically absent at this end of the hotel spectrum. Starwood is unveiling an experiential room to introduce the new brand to select real estate developers attending this week’s New York University International Hospitality Industry Investment Conference.
W’s heritage will be evident throughout XYZ’s properties, from sight, smell, touch, sound and taste, to the integrity of design and materials, and will redefine the select service category in the same way W Hotels broke through the clutter of conformity in the upscale hotel arena.XYZ will feature urban inspired loft-like guest-rooms, landscaped outdoor space for socializing day and night, and an energetic lounge scene, providing a lifestyle alternative to brands like Courtyard by Marriott and Hilton Garden Inn.
“Affordable doesn’t have to be boring as brands like Jet Blue, Mini Cooper, West Elm and Target have proven so brilliantly,” said Steven J. Heyer, Starwood’s Chief Executive Officer. “With the DNA of W, XYZ will democratize design, and offer guests an environment that is extraordinarily social, striking a chord with travelers who crave style and fun on the road, even beyond the boutique trifecta of New York, Miami and Los Angeles.”
First “XYZ” Hotels Scheduled to Open in 2007 and more than 500 by 2015
Starwood’s XYZ concept was born of demand by developers looking to build a W-inspired product at a lower price point in cities like Raleigh-Durham, Tampa, Minneapolis, Palo Alto and Cambridge, MA. Even before formally announcing the concept, Starwood has received letters of interest from more than a dozen of the industry’s premier hotel developers to build more than 100 new XYZ hotels. In addition, the Canyon-Johnson Urban Funds, a joint venture between Canyon Capital Realty Advisors and Earvin Magic Johnson, have signed an expression of interest to develop XYZ properties in densely populated, ethnically diverse cities like Los Angeles, Miami, Chicago, New York and San Diego. The Canyon Johnson Urban Funds are the country’s largest private real estate funds focused on the development of urban properties in underserved neighborhoods. The first XYZ hotels are anticipated to break ground early next year and open in early 2007.