Monday 29 April 2013

Starwood Hotels Continues Asset-Light Strategy with the Sale of W New Orleans to Chesapeake Lodging Trust

 Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it has completed the sale of W® New Orleans to Chesapeake Lodging Trust (NYSE: CHSP) for $65 million. This sale comes on the heels of the sale of W New Orleans – French Quarter to Chesapeake Lodging Trust in March 2013.


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