Sheraton Suites Sold for $36 mn
KEY WEST, FL, March 2, 2006. The Sheraton Suites Key West in Florida has been sold to to Ocean Properties for $35.85 million.
The hotel will become a Sheraton franchise and will be managed by an affiliate of Ocean Properties. The 180 suite hotel is Key West's only all-suite hotel and will be completely renovated by Ocean Properties.
Located across from Smathers Beach and just one-mile from Key West International Airport, the hotel is a brief shuttle away from historic Duval Street in Old Downtown Key West. Amenities include a lagoon swimming pool and fitness center, as well as access to all watersports, diving, snorkeling and fishing with a nearby golf course.
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 
