Starwood Plans To Step Up $3B Hotel Sell-Off Pace

Law360, New York (February 13, 2014, 1:30 PM EST) -- Tapping into a hungry investment market, Starwood Hotels & Resorts Worldwide Inc. intends to pick up the pace on plans to shed $3 billion of hotel real estate by the end of 2016 and expects to strike several deals in the coming months, executives said Thursday.

Addressing concerns in an investor call that the company has not been keeping up with the $750 million a year pace in hotel sales that it set itself up for last year, Starwood executives announced that the company expects to...
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