Starwood To Expand Europe Holdings With Istanbul Sheraton

Law360, Washington (March 4, 2014, 7:06 PM EST) -- Starwood Hotels & Resorts Worldwide Inc. announced Tuesday that it would partner with Turkish real estate developer Cevahir Holding to open a new Sheraton-branded hotel in Istanbul by the end of the year, part of a newly revealed plan for an aggressive European expansion.

Under the terms of the deal, the Stamford, Conn.-based hospitality giant will partner with Cevahir unit Cevahir Yapi Sanayi Turizm ve Ticaret AS, a major developer of mixed-use hotel, retail and office properties in Turkey, to build the 160-room Sheraton Istanbul Atasehir,...
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