Starwood Hotels Completes Sale of Three Italian Hotels to Estcapital (Hospitality Net)
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).
