• Starwood boutique deal

Starwood is finalising a deal to take over Design Hotels, an umbrella brand bringing together 261 independent hotels across 40 countries. The offer for outstanding shares will need final approval of shareholders in the German company, at a meeting in July.

Starwood bought a 49.8% stake in Design in late 2011, but at the time did not integrate any of its business activities such as marketing. The majority of the Design portfolio is in Europe, with 42 hotels across Asia Pacific.

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