Starwood Hotels & Resorts Worldwide is reportedly considering the sale of properties that include the St. Regis New York. This is part of the company’s plan to find buyers this year for its remaining hotels, valued at $1 billion, reports Bloomberg. Starwood is preparing to merge with Marriott International by the middle of the year. The company is focusing on selling North American and European properties, but is struggling to sell Latin American hotels due to the area’s volatile economy. To read more, click here.
