WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Dec. 20, 2002--Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) has sold the Doubletree Hotel Minneapolis Airport at the Mall to the Metropolitan Airports Commission for $47 million.
The sale closed today. Starwood will continue to manage the hotel on behalf of the new owner.
The 321-room hotel is located five minutes from the Minneapolis/St. Paul Airport, 10 minutes from downtown Minneapolis and Saint Paul and walking distance to the world famous Mall of America.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 750 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts.
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