Starwood Buys Into W Montreal

MONTREAL-Publicly traded Starwood Hotels & Resorts Worldwide acquires a 49% interest in the 152-room high-end hotel it manages in Old Montreal. The acquisition price was about $14 million.

By Brian K. Miller | January 02, 2005 at 07:31 PM

Starwood owns and/or manages about 750 properties located in about 80 countries. It employs about 110,000 workers. Its brands include St. Regis, the Luxury Collection, Sheraton, Westin and W. CDP Capital conducts merchant banking and provides real estate advisory services worldwide. Its assets under management top $15.2 billion.

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