Starwood Hotels and Resorts is in active discussions with developers related to W and St. Regis, and expects to have two deals signed for each brand by the end of the year, according to its Chief Financial Officer Vasant Prabhu.He told Reuters in an interview at the company’s new Sheraton property in Bangalore that India is a very “under-hoteled” market.”I can see India having a dozen St. Regis’ over the longer term. Probably, about five over the next 3-5 years,” he was quoted saying.The company has already announced a deal to open its first hotel under the W brand in Mumbai by 2015.
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