Starwood Sells Three Properties
NEW YORK, February 06, 2006. Starwood Hotels & Resorts Worldwide are completing the sale of Westin Embassy Row, Sheraton Suites San Diegoand the Sheraton Framingham to Pyramid Hotels Opportunity Venture II of Boston, MA for a total of $146 million.
The three hotels will continue to fly their Starwood branded flags under long-term license agreements. Just minutes from the Capitol, the exclusive Connecticut Avenue shops and the Kennedy Center for the Performing Arts, The Westin Embassy Row, Washington D.C. features elegantly appointed meeting space and spacious guest rooms reflecting turn-of-the-century Washington.
Conveniently located 18 miles from the charming city of Boston, the Sheraton Framingham Hotel serves both business and leisure travelers alike. The hotel features 373 rooms and suites and 25 meeting rooms and is conveniently located to major corporate headquarters such as Staple Corporation and Bose Corporate Center.
Centrally located, Sheraton Suites San Diego is an all-suite hotel in one of the premier areas of downtown San Diego with easy access to the city's unique attractions, including the San Diego Convention Center, the all-new downtown baseball stadium, Petco Park, and the historic Gaslamp shopping and entertainment district. San Diego International Airport, the world famous San Diego Zoo, Balboa Park, Old Town and Sea World are also just minutes away.
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 
