• 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.
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