There, New York-based Schulweis Realty Co. Pratt St., site of the former News American. Westin also has expressed interest in operating a proposed 800-room hotel at 300 E. More than half of Westin's hotels are outside the United States. With Westin, Marriott would add 102 hotels, a reputation for quality with guests, a proven track record for financial growth and an aggressive approach to expanding, analysts say.Ä«uying Westin would also dovetail with Marriott's plan to expand internationally. Marriott is no stranger to the luxury end of the business: In early 1995, the company bought a 49 percent stake in the Ritz-Carlton hotel chain for $200 million. made an unsolicited $10.5 billion offer for ITT Corp., owner of the Sheraton hotel chain. In late January, for instance, Hilton Hotels Corp. The decision by Westin's owners to explore a sale comes in the wake of the hotel industry's estimated $11.2 billion record profit last year and as the industry is consolidating to fend off competition.
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