This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Excelsior Hotel Gallia, A Luxury Collection Hotel, Milan (Photo: Business Wire)

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that the internationally-renowned Excelsior Hotel Gallia in Milan will join The Luxury Collection® portfolio. Owned by Katara Hospitality, Excelsior Hotel Gallia, a Luxury Collection Hotel, Milan will open this November following an extensive renovation. The opening will mark The Luxury Collection’s seventh hotel in Italy, as the brand remains on track to surpass 100 hotels globally in the next five years.

Excelsior Hotel Gallia, a Luxury Collection Hotel, Milan (Photo: Business Wire)

Excelsior Hotel Gallia, a Luxury Collection Hotel, Milan (Photo: Business Wire)

“I would like to thank Katara Hospitality for putting their trust in Starwood as we extend our partnership to bring The Luxury Collection brand to Milan,” said Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. “With the brand’s origin in Italy, we are delighted to open this newly renovated hotel in Milan. Historic architectural gems such as Excelsior Hotel Gallia are perfectly suited to The Luxury Collection brand, which offers authentic travel experiences and exceptional service for global explorers and the local community.”

“We always embrace the local spirit wherever we invest in hotel assets around the world and the Excelsior Hotel Gallia in Milan is no exception,” said Sheikh Nawaf Bin Jassim Bin Jabor Al Thani, Chairman, Katara Hospitality. “We have made a major investment to bring this grand property back to its true glory. Today, it gives us great pleasure to share our Italian flagship property with Starwood Hotels & Resorts.”

Hamad Abdulla Al Mulla, Chief Executive Officer, Katara Hospitality added, “We are confident the ethos of The Luxury Collection brand is a strategic fit for our hotel as it is important that we have an operator which understands and respects the heritage of this wonderful hotel, ensuring it occupies its rightful position in the Italian and global market-places when it re-opens later this year.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs