ITT Sheraton adds 30 hotels

ITT Sheraton adds 30 hotels

NEW YORK (Reuter): ITT Sheraton Corp, a unit of ITT Corp, said Wednesday it has added 30 new properties in nine countries, including its first hotels in Ghana and Jordan.

The properties contain nearly 7,200 rooms and include 19 Sheraton hotels and resorts in Argentina, Canada, Egypt, Ghana, Indonesia, Jordan, the Netherlands, the Philippines and the United States, the hotel company said.

Also included are four Four Points Hotels in the U.S., and five private sports and recreational clubs and three related resorts in the Philippines, it said.

The new properties represent recently signed management contracts and franchise agreements and scheduled openings, it said.

The transactions will immediately add to the company's revenues and will generate "significant" cash flow over the next 10 years, it said.

ITT Sheraton currently operates 427 hotels with more than 133,000 rooms in 62 countries.