Acquisition

Published December 13, 2005

KARACHI, DEC 12: Starwood Hotels & Resorts Worldwide, Inc has acquired the Le Méridien brand and the related management and franchise business for the portfolio of 130 hotels and resorts globally for approximately $225 million. Starwood is one of the leading hotel and leisure companies in the world with more than 850 properties in more than 95 countries, says a press release.

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