Starwood to strengthen Le Méridien portfolio with $1B investment

06/4/2013 | Bloomberg Businessweek · TravelPulse

Starwood Hotels & Resorts says its upscale Le Méridien hotel brand will receive an additional $1 billion investment to boost its portfolio growth across the globe. "Le Méridien is poised for expansive growth in primary cities and resorts around the globe, and we're continuing to see increased interest among owners, especially around conversions," said Simon Turner, Starwood's president of global development.

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Bloomberg Businessweek · TravelPulse

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