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 downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Starwood Hotels to Market Perform saying the CEO's capital allocation strategy is disappointing. The firm keeps an $81-$83 price target range for shares.