As Starwood Looks To Unload Hotels, REIT Spinoff On Table

Law360, New York (October 25, 2013, 3:25 PM EDT) -- The leadership at Starwood Hotels & Resorts Worldwide Inc. said Thursday they are focusing on selling off hotels and that though they are currently zeroed in on single or multiple asset sales, a real estate investment trust spinoff is an option on the deals table.

Starwood noted that it continues to work on lightening up its assets by selling off hotels and expects to announce some major sales soon that are currently being negotiated. Though straight asset sales continue to be the focus, executives acknowledged that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.