Manage 337-room Luxury Hotel in Bellevue,
Washington Under its Westin Brand
|WHITE PLAINS, N.Y - Oct. 26, 2004 -- Starwood Hotels & Resorts
Worldwide, Inc. (NYSE:HOT) was selected by Kemper Development Company (KDC),
the developer of Lincoln Square, to manage the 337-room luxury hotel at
Lincoln Square under its Westin brand. Located at the corner of NE 8th
and Bellevue Way, The Westin Bellevue at Lincoln Square will provide a
critical component to this 1.4 million-square-foot mixed-used project.
Westin had been originally selected by previous Lincoln Square management
and, after an exhaustive process, was once again selected by the KDC.
Construction on the site re-commenced in January 2004 after Kemper Development Company affiliates acquired the site from the previous developer. The project has a slated completion date of fall 2005. Phase I of the property development includes 148 luxury condominiums which rise above the hotel tower; a retail component of approximately 310,000 square feet; and a 1,700-space underground parking garage. The 27-story office tower development will follow in Phase II.
"After a long search and extensive negotiations with a number of the country's finest hotel chains, we are proud to have secured Westin Hotels for this prestigious property," says Kemper Freeman, Jr., Chairman and CEO of Kemper Development Company. "Each of the prospects brought significant value to the table, but the appeal of the Westin brand best suited the project. In the Pacific Northwest, we grew up with Westin Hotels before they became part of the Starwood organization. We admire this hotel company for remembering its Northwest roots as it has continued its worldwide expansion. This Eastside hotel will be a wonderful complement to our adjacent properties and bring an incredible level of luxury and service to Lincoln Square."
"This project has always been of strong interest to Westin because it is a perfect fit for this upscale and dynamic multi-use facility," said Sue Brush, senior vice president, Westin Hotels & Resorts. "We are eager to have The Westin Bellevue at Lincoln Square join other Westins in the Northwest including The Westin Seattle, The Westin Portland, the Westin Bayshore and The Westin Whistler."
The new hotel will feature 337 luxury guestrooms and approximately 17,625 square feet of meeting and banquet space. The Westin will also provide services to the high-rise luxury residence, One Lincoln Tower, bringing a whole new level of luxury living to the project.
Kemper Development Company (KDC) is a privately held development and management company based in Bellevue, WA. KDC is the developer of two significant projects fronting Lincoln Square - Bellevue Square, the region's premier shopping center with 200 stores and restaurants, and Bellevue Place, a mixed-use facility featuring roughly 500,000 square feet of successful office and retail space, including the 382-room Hyatt Regency Bellevue.
Starwood Hotels & Resorts is one of the leading hotel and leisure companies in the world, with more than 750 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis; The Luxury Collection; Sheraton; Westin; Four Points by Sheraton; and W Hotels; as well as Starwood Vacation Ownership, Inc.
Starwood Hotels & Resorts
|Also See:||Starwood to Joint Venture with Lincoln Square, LLC on 304 Room Westin in Bellevue, WA / Feb 1999|
|300-room Ritz-Carlton and 550-room Marriott Going Up in Bellevue, Washington / May 1999|
|Westin Hotel to Replace Marriott as Meydenbauer Place Anchor in Bellevue, WA / May 1998|