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- 1. Starwood Completes Sale of The Gritti Palace in Venice
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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
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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%
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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
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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
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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
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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
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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
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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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