Starwood Buys Big Stake in Design Hotels
From CITmagazine.com:
Starwood Continues to Manage Arabella’s European Hotels
Starwood Hotels & Resorts Worldwide has signed a deal to acquire a 49.8% share of Design Hotels from its Germany-based partner Arabella Hospitality. Design Hotels, based in Berlin, provides distribution, sales, marketing and consulting services for more than 200 independently owned member hotels in 40 countries, such as the Crosby Street Hotel in New York and London's Haymarket Hotel. The deal follows Arabella Hospitality’s plans to focus mainly on ownership and asset management. Click here for the full story.
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