TITLE

Starwood retains management in W sales

AUTHOR(S)
Eisen, David
PUB. DATE
October 2012
SOURCE
Hotel Management (21582122);10/8/2012, Vol. 227 Issue 12, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of W Chicago-Lakeshore hotel by Cheapsake Lodging Trust, and W Los Angeles-Westwood hotel by Pebblebrook Hotel Trust. It notes the objective of Starwood Hotels and Resorts Worldwide to sell its assets to high-quality owners who share its vision for the brand with long-term management. Moreover, it indicates that the sale of the 2 W hotels suggests the efforts of real estate investment trusts (REITs) to acquire assets that fit into their portfolios.
ACCESSION #
82055941

 

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