Starwood Completes Sale of W Los Angeles
August 28, 2012 - Starwood Hotels & Resorts Worldwide, Inc. announced that it has completed the sale of W Los Angeles - Westwood to Pebblebrook Hotel Trust for $125 million. As part of the sale, Pebblebrook has agreed to continue with the planned property renovations to expand and re-define the hotel's Living Room, bar and public spaces. Starwood has entered into a 40-year management agreement to continue operating the hotel under the W flag.
“We continue to pursue opportunities to sell our owned real estate at the right time to the right owners in the best interest of shareholders,” said Simon Turner, President of Global Development for Starwood. “We already have a great working relationship with Pebblebrook Hotel Trust on The Westin Gaslamp Quarter, San Diego, W Boston and Sheraton Delfina Santa Monica, and are pleased to expand our partnership with this iconic property.”
“We're thrilled to again be partnering with Starwood at W Los Angeles - Westwood. We look forward to future success together as we continue to improve this high-quality hotel,” said Jon Bortz, Chairman and Chief Executive Officer of Pebblebrook Hotel Trust.
W Los Angeles - Westwood located at 930 Hilgard Avenue, is a full-service, luxury property with 258 modern, spacious suites; a SWEAT state-of-the-art fitness center; a 7,000 square foot Bliss® Spa; The Backyard restaurant and WET, a heated outdoor pool; and the acclaimed NineThirty restaurant. The hotel, across from UCLA and near the entertainment and vibrancy of Sunset Strip, sits at the foothills of Beverly Hills/Bel Air and is minutes from Santa Monica's beaches. The hotel offers the perfect escape from the sprawling city and is the ultimate Los Angeles hideaway.
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 
