STARWOOD CLOSES THE SALE OF THE GOLDNER HIRSCH

Forging on with its asset-light strategy, Starwood Hotels & Resorts has completed the sale of the Hotel Goldner Hirsch, A Luxury Collection Hotel in Salzburg, Austria, to companies of the WILD Group for €20 million (€285,700 per room). Designated a UNESCO World Heritage site in 1997, the 70-room hotel in Salzburg’s Old Town dates from 1407. Starwood will continue to operate the property under a long-term management agreement.

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