Starwood completes Le Méridien acquisition

ByPaul Johnson January 10, 2006January 10, 2006

Starwood Hotels & Resorts Worldwide has acquired the Le Méridien brand and the related management and franchise business for the portfolio of 130 hotels and resorts globally for approximately $225 million, roughly equal to the amount of Starwood’s current investment, including accrued interest, in the debt of Le Méridien. This acquisition will significantly increase the company’s footprint in Europe, Africa, Middle East and Asia Pacific.

Paul Johnson

Paul Johnson is Editor of A Luxury Travel Blog and has worked in the travel industry for more than 30 years. He is Winner of the Innovations in Travel ‘Best Travel Influencer’ Award from WIRED magazine. In addition to other awards, the blog has also been voted “one of the world’s best travel blogs” and “best for luxury” by The Telegraph.

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