Starwood Hotels sells St. Regis Bal Harbour Resort for $213M Starwood Hotels has sold The St. Regis Bal Harbour Resort in Miami, Florida to Qatar’s Al Rayyan Tourism Investment Company for $213M. The property will continue to be managed under a long-term agreement by Starwood Hotels and also continue to fly the St. Regis flag.
News For HOT From The Last 14 Days
Check below for free stories on HOT the last two weeks.
Starwood upgraded to Overweight from Equal Weight at Barclays Barclays upgraded Starwood (HOT) to Overweight citing expectations for increased capital returns and catalysts from asset sales. The firm expects Starwood to close the valuation gap with Marriott (MAR) and raised its price target for shares to $89 from $84.