Business in the Burbs

Starwood sells $125 million in notes

June

Starwood Hotels & Resorts Worldwide Inc. said that it has completed the sale of $125 million in notes to investors. Starwood, the White Plains-based operator of the Sheraton and Westin hotel chains, said the transaction will result in a small loss on the sale and lost interest income for the second quarter and the rest of the year. The notes are backed by mortgages on timeshare properties.

This entry was posted on Monday, June 8th, 2009 at 3:10 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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