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1. Starwood Completes Sale of The Gritti Palace in Venice
Starwood has closed on the sale of The Gritti Palace, Venice to Nozul Hotels & Resorts, the owner of W Doha Hotel, and a wholly owned subsidiary of Jaidah Holdings for €105 million (approximately US$117 million). Starwood will continue to operate the hotel under The Luxury Collection brand flag under a new long-term management agreement.
2. Starwood Sells Two Hotels in Florence, Italy
Starwood has sold The St. Regis Florence and the Westin Excelsior Florence to Nozul Hotels & Resorts, the owner of The Gritti Palace, Venice and W Doha Hotel, and a wholly owned subsidiary of “Jaidah Holdings” for €190 million (approximately US$213 million). Starwood will continue to operate both the hotels in Florence under the St. Regis and Westin brand flags under new long-term
3. Starwood to Expand European Portfolio by 40%
Starwood has unveiled plans to open more than 60 new hotels and resorts across Europe by 2020, increasing its current European hotel portfolio by nearly 40%. Starwood will open nine new hotels in Europe this year, primarily in fast-growing markets such as Turkey, Russia and the Commonwealth of Independent States (CIS).
4. Starwood to Open 50 New Hotels in Europe Over Next 5 Years
Starwood Hotels & Resorts has unveiled plans to open 50 new hotels in Europe over the next five years, increasing its European hotel portfolio by 30%. This year, Starwood will open nine new hotels across the continent, primarily in fast-growing markets, a key focus of Starwood's long-term development strategy in Europe. At the same time, Starwood and its partners are making signifi
5. Starwood to Open 25 Hotels in Europe Over Next Four Years
Starwood has said it will open 25 new hotels in Europe over the next four years. The company is already off to a strong start this year, opening two new flagship hotels in Europe with a W hotel in Paris and a Le Méridien hotel in Istanbul. Globally, Starwood plans to open 80 new hotels in 2012, building on a year of record growth with 112 new hotel deals in 2011, the highest number
6. Starwood Sells The Phoenician
Starwood Hotels & Resorts has sold The Phoenician, A Luxury Collection Resort in Scottsdale, Arizona to Host Hotels & Resorts for $400 million. Under Host’s ownership, The Phoenician will undergo a complete renovation, solidifying and enhancing its position as one of the preeminent luxury destination resorts in the United States. Starwood will continue to operate the hotel under Th
7. Starwood Unveils Growth Plans for 2013
Building on its 2012 momentum with the most hotel deals signed since before the global economic crisis, Starwood Hotels & Resorts has said it anticipates a strong year of openings and new hotel agreements signings in 2013.
8. Thai AirAsia Reports Q1 2015 Net Profit of Baht 923 Million
Thai AirAsia continued its growth in Q1 2015 achieving a revenue of Baht 7,734 million with a net profit of Baht 923 million. The airline carried approximately 3.7 million passengers, up 19% year-on-year, and a load factor of 83% up 3 percentage points from the same period last year.

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