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starwood

A change of face for Starwood

Starwood Hotels & Resorts has taken the first steps to spinning off its vacation ownership unit into a separate publicly traded company. In the process it will change its name from Starwood Vacation Ownership to Vistana Signature Experiences, Inc. The business was previously known as Vistana prior to the Starwood acquisition in 1999.…
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Starwood sells The Gritti Palace, Venice

Starwood has now finalised its sale of The Gritti Palace in Venice to Nozul Hotels & Resorts, the owner of W Doha Hotel, and a wholly owned subsidiary of Jaidah Holdings for €105 million (approximately US$117 million). Starwood will continue to operate the hotel under The Luxury Collection brand flag under a new long-term management…
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