The White Plains, NY-based hotel company says it would be competing against two unsolicited tender offers. One is less than $10.7 million for a 15% stake, the other is a $44-million offer for a 59% stake. The latter offer, which expires Aug. 29, would put the value of the entire property at nearly $75 million.
Starwood Hotels & Resorts says its offer would have one condition, owners of at least 50% of the Westin Hotels Limited Partnership units would have to tender their shares.
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