Starwood Snaps Up Half Of German Hotel Services Firm

Law360, New York (December 6, 2011, 3:36 PM EST) -- Real estate investment trust affiliate Starwood Hotels & Resorts Worldwide Inc. has acquired 49.8 percent of the shares of German hotel services company Design Hotels AG from a German partner company, according to an announcement Tuesday.

Starwood said it had purchased the shares of Berlin-based Design Hotels from Arabella Hospitality SE, Starwood's longtime partner in Germany, for an undisclosed sum. The transaction, which is subject to German antitrust approval, is expected to close in the first quarter of 2012.

Additional terms of the deal including purchase...
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