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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:05 EDTHOTStarwood Hotels to open 35 hotels in Middle East in next three years
Starwood Hotels announced it will open 35 hotels in the Middle East in the next three years, expanding its portfolio to over 80 hotels. Starwood will open seven new hotels in the Middle East this year, in both established and fast-growing markets such as the United Arab Emirates, Iraq and Bahrain. With a current footprint of 46 hotels and more than 13K rooms, the company said that this region continues to be one of the company’s most rapidly growing markets.
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October 20, 2014
16:01 EDTHOTStarwood announces sale of The St. Regis for $150.7M
Starwood Hotels & Resorts Worldwide announced that it has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for approximately $150.7M. Starwood will continue to operate the hotel under the St. Regis brand flag as part of a new long-term management agreement.

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