Qatar's Katara Hospitality buys Westin Excelsior in Rome
(AGI) Rome, Sept. 16 - Starwood Hotels & Resorts on Wednesdayannounced that it has agreed to sell the Westin Excelsior Rometo Qatar's hospitality organisation, Katara Hospitality, for222 million dollars. The old hotel, which opened in 1906 in theheart of the Italian capital, will undergo a complexrestructuring in the coming five years. Its management willstay with Starwood. Italy is a "very promising market" in whichQatar intends to continue to invest, as evidenced by theinitiatives carried out recently in Sicily and Lombardy, saidSheikh Nawaf Bin Jassim Al-Thani, chairman of KataraHospitality, after signing