Starwood Completes Westin Sale
LONG BEACH, CA, Janaury 25, 2006. Starwood Hotels & Resorts is completingh the sale of the 460-room Westin Long Beach in California for $88.4 million to a joint venture between Noble Investment Group and AEW Capital Management.
The Westin Long Beach will continue to fly the Westin flag under a long-term license agreement. This sale represents the first part of a strategic plan for Noble to acquire additional assets from Starwood.
Located in downtown Long Beach on Ocean Blvd., the 16-story Westin is conveniently located across the street from the Long Beach Convention and Entertainment Center, and one mile from the Pacific Ocean and the Ports of Long Beach and Los Angeles. As an upper-upscale hotel, The Westin Long Beach offers a wide array of signature Westin amenities as well as a lobby bar, the Grille Restaurant and an outdoor heated swimming pool.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
