• Starwood sells in Sydney

Starwood has sold its Sheraton on the Park in Sydney in a AUD463m deal that will see it retain management. Buyer of the 557 room property is Chinese investor Sunshine Insurance Group.Currently, Starwood operates 14 hotels in Australia, and has a pipeline including Aloft and Westin hotels in Perth. Starwood has recently sold the St Regis in Rome and Sheraton in Monterrey, completing USD1.5bn of disposals over the last three years.
Read the full story here:
https://starwood.q4web.com/investor-relations/news/news-release-details/2014/Starwood-Hotels-Continues-Asset-Light-Strategy-with-Sale-of-Sheraton-on-the-Park-in-Sydney-Australia/default.aspx?print=1

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