Starwood Hotels & Resorts Completes Sale of the Westin Embassy Row, Washington DC; Sheraton Suites San Diego, CA And Sheraton Framingham, MA; Transaction Represents $146 Million in Asset Sales
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Starwood Hotels & Resorts Completes Sale of the Westin Embassy Row, Washington DC; Sheraton Suites San Diego, CA And Sheraton Framingham, MA; Transaction Represents $146 Million in Asset Sales
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Category: North America & West Indies / Carribean islands
This is a press release selected by our editorial committee and published online for free on 2006-02-06
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that they completed the sale of the 206-room Westin Embassy Row in Washington DC, the 264-room Sheraton Suites San Diego in CA and the Sheraton Framingham in MA to Pyramid Hotels Opportunity Venture II of Boston, MA for a total of $146 million. The three hotels will continue to fly their Starwood branded flags under long-term license agreements.
Just minutes from the Capitol, the exclusive Connecticut Avenue shops and the Kennedy Center for the Performing Arts, The Westin Embassy Row, Washington D.C. features elegantly appointed meeting space and spacious guest rooms reflecting turn-of-the-century Washington.
Conveniently located 18 miles from the charming city of Boston, the Sheraton Framingham Hotel serves both business and leisure travelers alike. The hotel features 373 rooms and suites and 25 meeting rooms and is conveniently located to major corporate headquarters such as Staple Corporation and Bose Corporate Center.
Centrally located, Sheraton Suites San Diego is an all-suite hotel in one of the premier areas of downtown San Diego with easy access to the city's unique attractions, including the San Diego Convention Center, the all-new downtown baseball stadium, Petco Park, and the historic Gaslamp shopping and entertainment district. San Diego International Airport, the world famous San Diego Zoo, Balboa Park, Old Town and Sea World are also just minutes away.
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