Starwood Sells Bliss Spas To Steiner For $100M

Law360, New York (November 2, 2009, 5:47 PM EST) -- Starwood Hotels & Resorts Worldwide Inc. has signed an agreement to sell the Bliss spa and product company to Steiner Leisure Ltd. for $100 million as it shifts to concentrating on its hospitality business.

Bliss and Remede spas and activities will remain exclusive to Starwood in the hotel category at W Hotels and St. Regis Hotels, respectively, Starwood said in a Monday statement.

“This sale is illustrative of our long-term strategy to focus purely on our growing and increasingly global hospitality business," Frits van Paasschen, Starwood...
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