At a press conference in Bermuda yesterday, Starwood Hotels & Resorts Worldwide announced plans to open the St Regis Bermuda at the corner of Par-la-Ville Road and Church Street, overlooking Par-la-Ville Park.

The 5-star luxury hotel will offer 140 guest rooms and suites, plus 80 serviced residences. Other features include a spa, restaurant and wine bar, library, rooftop conservatory, 4000 square foot ballroom, and outdoor courtyard.

The hotel will be owned by Par-la-Ville Hotel and Residences Ltd, a partnership between Virginia-based Unified Resorts Ltd and New York-based Sagewood Investments LLC. It will be built on land owned by the Corporation of Hamilton.

Completion is scheduled for 2013.