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Starwood closes on Host sales
Starwood closes on Host sales
Best Web Hosting Starwood has closed on the sale of four hotels to an affiliate of Host Hotels & Resorts.
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>Top Web Hosting These hotels are part of the portfolio of 35 hotels to be sold to Host.
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Web Hosting Companies The closing of these hotels was deferred as a result of certain notice periods and consents that had not been received prior to the closing of the sale of 28 of the hotels on April 10, 2006.
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Web Site Design And Hosting The hotels will remain in the Starwood system and continue to be managed by Starwood under long-term management agreements.
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Email Web Hosting The gross proceeds received for these four hotels are approximately $488 million.
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Web Hosting Plans The hotels included in yesterday's transaction are: -- Sheraton Skyline Hotel & Conference Centre, Hayes, UK
Web And Email Hosting -- Sheraton Roma Hotel & Conference Centre, Rome, Italy
Web Hosting Compare -- The Westin Palace Madrid, Madrid, Spain
Dedicated Server Web Hosting -- The Westin Palace Milan, Milan, Italy.
Web Hosting Reviews An additional three hotels were deferred from the first closing and Starwood expects to realize gross proceeds of approximately $203 million upon the sale of these hotels. The hotels are:
Web Domain Names -- The Westin Europa & Regina, Venice, Italy
Web Site Builder -- Sheraton Fiji Resort, Nadi, Fiji
Web Server Hosting -- The Westin Royal Denarau Island Resort & Spa, Nadi, Fiji
Web Hosting Account The total consideration for the six European hotels in the sale portfolio to Host, including the Sheraton Warsaw Hotel & Towers, which closed on April 10, the four hotels which closed yesterday and The Westin Europa & Regina, is approximately $621 million.
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