Starwood Hotels & Resorts has sold the 179-room St. Regis Aspen 70 million for 315 East Dean Associates Inc., a Delaware company represented by the base of Bangkok OptAsia Capital co. the sale price is immediately increase of earnings and represents a multiple of 17 times early 2010 EBITDA .as Starwood will maintain a management agreement 50 years and continue to operate the resort under its flag St Regis, guest services and hotel operations will continue uninterrupted. in addition to the purchase price, the buyer has committed to a great renewal of the resort, including the refurbishment of all bedrooms and public areas, and incorporating the large courtyard in restaurants outlets for offers year-round, including greater may use s-sci. Simon Turner, President of Global Development, Starwood Hotels & Resorts, said, "Asset sales as this are examples of strategic arrangement of Starwood estate. We are committed to our strategy systematically moving towards more light well working model over time, taking advantage of when selling our estate is in the best interests of our shareholders. "Located at the base of Aspen Mountain, the St. Regis Aspen resort is situated between two primary base ski lifts of the mountain and walking distance to all of Aspen shops, restaurants and entertainment. The hotel is only ten minutes from Aspen and offers convenient access to all four ski areas and area golf courses.See other recent news regarding: airlines, airports, Awards, Codeshare flights,, lounge, first class, Business Class, MICE, GDS, prizes, Miles, Hotel, apartments, promotions, Spa, Yoga Retreat, New Hotel, traffic, visitor arrivals, cruises, interviews, offers free, video, Starwood, Aspen, St. Regis
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