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Starwood sells Aloft Tucson University

  • Published by Ozgur Tore

Starwood Hotels & Resorts Worldwide, Inc. has completed the sale of Aloft Tucson University to Lightstone Value Plus Real Estate Investment Trust II, Inc. (“LVPRII”), a public, non-traded REIT sponsored by The Lightstone Group ("Lightstone"), a privately held real estate company, for $19 million.

As part of the agreement, the hotel will be managed under a long-term license agreement by Island Hospitality Management and continue to fly the Aloft brand flag.

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