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Starwood Completes Sale of Italian Hotels

Starwood Hotels & Resorts Worldwide sold three hotels in Italy to Estcapital-SGRS.p.A.
By HNN Newswire
November 4, 2008 | 9:59 P.M.

WHITE PLAINS, New York--Starwood Hotels & Resorts Worldwide, Inc. completed the sale of three hotels in Italty: the 196-room Westin Excelsior and the 191-room Hotel Des Bains, both in Venice Lido, and the 31-room Villa Cipriani in Asolo to Estcapital-SGRS.p.A. for 164 million Euros (approximately US$212 million).