Starwood Hotels & Resorts Worldwide
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Starwood Capital to sell 11 De Vere, Principal Hayley UK hotels   25 Feb, 2015

The company has appointed Christie + Co to sell 11 De Vere hotels and seven Principal Hayley hotels, as well as the Oxford Witney, a Four Pillars hotel. The portfolio, known as Project Milan, reported revenues of £68 million last year. More>>

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Starwood's van Paasschen out as CEO—here's why   17 Feb, 2015

Starwood Hotels & Resorts Worldwide CEO Frits van Paasschen is out as chief of the company, replaced by Adam Aron on an interim basis. Here's the real reason why it's happening.More>>

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Westin appears destined for new Buffalo project   6 Jan, 2015

A Westin hotel appears bound for Buffalo, as Delaware North, the global food service and hospitality company, prepares to bring the brand to its new downtown corporate headquarters tower now under construction, reports Buffalo News. More>>

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Starwood sells Philadelphia Airport Complex to The Lightstone Group   22 Dec, 2014

Starwood Hotels & Resorts Worldwide has completed the sale of the Philadelphia Airport Complex to The Lightstone Group. It is located one mile from the Philadelphia International Airport and consists of three Starwood properties: the 252-room Sheraton Suites Philadelphia Airport, the 177-room Four...More>>

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HREC arranges sale of Sheraton Denver Tech Center   17 Dec, 2014

HREC Investment Advisors successfully brokered the sale of the Sheraton Denver Tech Center, in Greenwood Village, a suburb of Denver, representing the seller of the 263-room full-service hotel. The selling group consisted of funds affiliated with Varde Partners, Waramaug and Interstate Hotels. More>>

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DiamondRock closes on Fort Lauderdale Westin    5 Dec, 2014

DiamondRock Hospitality Company has closed on the acquisition of The Westin Beach Resort & Spa, Fort Lauderdale for $149.0 million, or $345,000 per room. The purchase price represents a 12.0 to 12.5 multiple on the company's projected 2015 EBITDA. HEI Hotels & Resorts will operate the hotel.More>>

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China continuation: Sunshine Insurance acquires Sydney Sheraton for large sum   24 Nov, 2014

Looks like China-based insurance companies sure have a taste for hotels, these days. Today we learn that Starwood Hotels & Resorts Worldwide has sold the Sheraton on the Park, in Sydney, Australia, to Sunshine Insurance Group Corporation AUS$463 million, which equates into around US$399 million....More>>

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Mexican REIT FibraHotel acquires Sheraton property, expands Starwood relationship   18 Nov, 2014

FibraHotel, a real estate investment trust specialized in urban business-class hotels in Mexico, has acquired the Sheraton Ambassador Monterrey, adding 229 rooms to FibraHotel's portfolio. The transaction will represent a total investment of $13.5 million by FibraHotel, including a renovation over...More>>

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The Sheraton Arlington has a new owner    17 Nov, 2014

Urbana Varro, a national commercial real estate investment, development, and management firm, said it has acquired the 311-room Sheraton Arlington in Texas. A purchase price was not disclosed. The hotel is adjacent to the Arlington Convention Center and within walking distance to AT&T Stadium, home...More>>

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Pebblebrook acquires Westin Coral Gables for close to $60M   13 Nov, 2014

Pebblebrook Hotel Trust has acquired The Westin Colonnade Coral Gables, in Miami, for $59.4 million. The 157-room upper-upscale hotel is located on what is known as Miracle Mile. The hotel will continue to be operated by Davidson Hotels and Resorts.More>>




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