Starwood Hotels sells leasehold interest in The Park Lane Hotel Starwood Hotels & Resorts Worldwide announced it has sold its leasehold interest in The Park Lane Hotel, London to Sir Richard Sutton’s Settled Estates. Starwood will continue to operate the hotel under a new long-term management contract under the Sheraton brand flag.
News For HOT From The Last 14 Days
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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.