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M&A Deal Summary

Host Hotels & Resorts Acquires The Westin Palace Milan

On May 4, 2006, Host Hotels & Resorts acquired restaurant The Westin Palace Milan from Starwood Hotels & Resorts Worldwide

Acquisition Highlights
  • This is Host Hotels & Resorts’ 1st transaction in the Restaurants sector.
  • This is Host Hotels & Resorts’ 1st transaction in Italy.

M&A Deal Summary
Date 2006-05-04
Target The Westin Palace Milan
Sector Restaurants
Buyer(s) Host Hotels & Resorts
Sellers(s) Starwood Hotels & Resorts Worldwide
Deal Type Divestiture

Target

The Westin Palace Milan

Milan,, Italy
The Westin Palace, Milan operates as a hotel and offers dining and lodging services.

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Buyer(S) 1

Buyer

Host Hotels & Resorts

Bethesda, Maryland, United States
Category Company
Sector Real Estate
Employees163
Revenue 5.3B USD (2023)
DESCRIPTION

Host Hotels & Resorts is a premier lodging real estate company. Company own high quality lodging assets in prime urban, airport and resort/convention locations. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance. Host Hotels & Resorts is based in Bethesda, Maryland.

DEAL STATS #
Overall 2 of 9
Sector (Restaurants) 1 of 6
Type (Divestiture) 2 of 4
Country (Italy) 1 of 2
Year (2006) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-04 Sheraton Fiji Resort

Nadi, Fiji

Sheraton Fiji Resort owns and operates a resort.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-13 The Westin Europa & Regina Venice

Venezia, Italy

The Westin Europa & Regina, Venice provides accommodation, leisure, dining, and entertainment services.

Buy -

Seller(S) 1

SELLER

Starwood Hotels & Resorts Worldwide

Stamford, Connecticut, United States
Category Company
Founded 1969
Sector Leisure
Employees180,400
Revenue 5.8B USD (2015)
DESCRIPTION

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company with more than 1,270 properties in some 100 countries and over 180,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis, The Luxury Collection, W, Design Hotels, Westin®, Le Méridien, Sheraton, Four Points by Sheraton, Aloft, Element, and the recently introduced Tribute Portfolio™. Starwood was formed in 1969 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 2 of 21
Sector (Restaurants) 1 of 12
Type (Divestiture) 2 of 21
Country (Italy) 1 of 4
Year (2006) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-04 Sheraton Fiji Resort

Nadi, Fiji

Sheraton Fiji Resort owns and operates a resort.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-13 The Westin Europa & Regina Venice

Venezia, Italy

The Westin Europa & Regina, Venice provides accommodation, leisure, dining, and entertainment services.

Sell -
Mergr

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