• Starwood Capital sells Le Lutetia

Starwood Capital is thought to have sold Le Lutetia in Paris to Alrov Properties and Lodgings, for a rumoured Eu150m (£125m).

La Tribune said that Alrov planned to spend Eu80m renovating the hotel. The sale is one of a number planned by Starwood Capital in the city, with the Crillon, Hotel du Louvre and Concorde Lafayette hotels also on the market.

See the full story here:
http://www.bloomberg.com/news/2010-08-09/alrov-buys-le-lutetia-hotel-in-paris-from-starwood-capital-tribune-says.html

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