Starwood Sells Miami Hotel to Qatar’s Al Faisal for $213 Million
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Starwood Hotels & Resorts Inc., the owner of the Sheraton and W brands, sold the St. Regis Bal Harbour Resort in Miami to a unit of Qatar’s Al Faisal Holding Co. for $213 million.
Starwood will continue to manage the property, which includes a 27-story ocean front hotel with 207 rooms, the Stamford, Connecticut-based company said today in a statement.