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Starwood Hotels Completes Sale of Three Italian Hotels to Estcapital (Italy)

Starwood Hotels Completes Sale of Three Italian Hotels to Estcapital (Italy)
Category: Europe - Italy - Industry economy - Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2008-11-03

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that it has completed the sale of the 196-room Westin Excelsior in Venice Lido, Italy, the 191-room Hotel Des Bains in Venice Lido, Italy and the 31-room Villa Cipriani in Asolo, Italy to Estcapital-SGR S.p.A. for 164 million Euros (approximately USD$212 million).



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