Starwood Hotels Completes Sale Of The W San Francisco To Keck Seng For $90 million
August 4, 2009 in All News, Starwood Hotels & Resorts, USA and Canada by Timeshare & Fractional News
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that it has completed the sale of the W San Francisco to Keck Seng Investments (Hong Kong) Limited for $90 million. The sales price represents a multiple of over 14X anticipated 2009 EBITDA. Starwood also entered a long-term management agreement to continue operating the hotel as [...]








