Sheraton to invest $350 million to renovate properties worldwide

Sheraton Hotels and its owners are investing over $350 million to enhance its flagship properties around the world. This includes the $160-million renovation of the Sheraton New York Hotel & Towers, the multi-million dollar refurbishment effort of the Sheraton Grand Hotel & Spa in Edinburgh, and the $20-million renovation of the Sheraton Mirage Resort & Spa Gold Coast in Australia. Several other Sheraton hotels will enjoy multi-million dollar renovations this year, including the Sheraton Rio Hotel & Resort in Brazil, Sheraton Maria Isabel Hotel & Towers in Mexico City, and the Great Wall Sheraton Hotel Beijing, Sheraton Xian Hotel, Sheraton Chengdu Hotel and Sheraton Nanjing Hotel in China.

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