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Partnership to sell Nice hotel
By Tom Walker
Starman UK, a joint venture between Starwood Capital and US bank Lehman Brothers, has put the Le Meridien hotel in Nice, France, up for sale.
Starman, which has instructed UK-based Christie + Co to market the property, said the hotel will be sold complete with a long-term management contract with Starwood Hotels & Resorts under the Le Meridien brand.
Starwood and Lehman acquired the 318-room property in 2005 as part of its take over of the Meridien group of hotels.
Le Meridien Nice is currently undergoing a multi-million euro refurbishment, which will include the full refurbishment of 184 bedrooms, and a face-lift of the public areas.
Starman UK, a joint venture between Starwood Capital and US bank Lehman Brothers, has put the Le Meridien hotel in Nice, France, up for sale.
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