Starwood set sights on expansion in South America

WHITE PLAINS, N.Y. - Starwood Hotels & Resorts Worldwide, Inc., announced the signing of a management agreement with "Grupo Hotelera Aguas Verdes S. A." to manage the Villarrica Park Lake Hotel & Spa under The Luxury Collection brand. The property will undergo renovations to its rooms and spacious suites and will become a part of The Luxury Collection's exclusive portfolio in December of 2010.

Villarrica Park Lake Hotel & Spa is ideally situated in the Araucanía region 435 miles south of Santiago, surrounded by lakes, volcanoes and mountains. Guests can easily arrive by car, or by plane at the Temuco Airport.

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