Starwood to sell Bliss spas for $100M
Starwood Hotels & Resorts is in a deal to sell its Bliss spa and product business to Steiner Leisure Ltd. for $100 million. Under the deal, Bliss and Remede spas will remain exclusive to Starwood's W Hotels and St. Regis Hotels, and the sale comes in addition to the planned sale of $125 million in other non-core assets that Starwood expects to close by the end of the quarter.
Wall Street Journal, The
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This story published in AH&LA SmartBrief on 11/03/2009
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