Starwood makes deal for Le Meridien Hotels

Starwood Hotels & Resorts Worldwide is in a deal to buy the luxury Le Meridien Hotels & Resorts brand for an undisclosed sum. Meanwhile, in a separate deal, Le Meridien is selling its real estate portfolio of owned and leased hotels to an investment firm owned by former Starwood chairman Barry Sternlicht.

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Orlando Sentinel (Fla.) (tiered subscription model) · NYTimes.com · Commercial Property Executive

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