Sale of W San Francisco Completed

sanfranw

Starwood Hotels & Resorts Worldwide, Inc. announced today that it has completed the sale of the W San Francisco to Keck Seng Investments (Hong Kong) Limited for $90 million.

The sales price represents a multiple of over 14X anticipated 2009 EBITDA. Starwood also entered a long-term management agreement to continue operating the hotel as a W.

Visit www.starwoodhotels.com.

Suggested Articles:

Barcelona is dynamic, the streets and cafes are always packed, it's safe to walk around at night and people mostly speak English. Learn more here.

The new #StopAnimalSelfies campaign encourage travelers to be responsible when photographing wild animals. Get the details here.

The new flights will operate next summer out of Chicago and Denver. Get the details here.