Starwood Hotels & Resorts Continues Asset-Light Strategy with the Sale of Hotel Goldener Hirsch, a Luxury Collection Hotel, Salzburg
The Historic Hotel Will Continue to be Operated by Starwood Hotels Under a Long-Term Management Contract April 25, 2017 – Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it has closed on the sale of Hotel Goldener Hirsch, A Luxury Collection Hotel in Salzburg, Austriato companies of the WILD Group for €20M (approximately $22 million USD). Starwood will…