W Hotels Worldwide recaptures the spirit of Hollywood glamour with the unveiling of W Hollywood Hotel & Residences. Located at the historic intersection of Hollywood Boulevard and Vine, this $350 million complex, developed by Gatehouse Capital and owned in a joint venture by HEI Hotels & Resorts and Gatehouse Capital, in affiliation with the Los Angeles County Metropolitan Transit Authority (Metro), offers W’s jet-setting guests, residents and Hollywood’s fashionable locals a fully integrated contemporary lifestyle experience. The opening of W Hollywood kicks off another year of international growth for W Hotels, which is on track to more than double its global portfolio by 2011.

“Opening in Hollywood, the epicenter of pop culture, marks a true milestone in W’s global expansion into the world’s most exciting and vibrant destinations,” said Eva Ziegler, Global Brand Leader, W Hotels Worldwide and Le Meridien. “W Hollywood further demonstrates our passion for entertainment as well as our leadership in cutting-edge design, which sets the stage for W’s unique lifestyle programming that will make W Hollywood the coolest place in town.”

“The opening of W Hollywood marks the completion of a ten year journey for Gatehouse Capital and our partners, and we are proud to introduce this stunning, modern, and truly sustainable property,” said Marty Collins, president and CEO of Gatehouse Capital, developer of the W Hollywood Hotel & Residences. “We have paired an iconic brand to an iconic intersection in a city that is a global destination recognized the world over, and in doing so, ushered in a second Golden Age that will redefine and revitalize modern Hollywood.”

“W Hollywood is a crown jewel in our investment portfolio, and offers a truly unique location that is a perfect blend of lifestyle, entertainment, hospitality and commerce,” said Clark Hanrattie, Chief Investment Officer for HEI Hotels & Resorts. “We are confident that W Hollywood will be the flashpoint of entertainment, art, fashion, culture and music on a global stage for years to come.”