>Starwood mulls over options to exit Louvre Hotels

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>PARIS – STARWOOD Capital is considering options to sell Louvre Hotels, Europe’s number-two budget hotel group, French daily Les Echos reported on Friday.
The US investment firm is considering either a stock market listing of Louvre Hotels or its sale, the paper said.
Starwood Capital declined to comment.
‘Starwood Capital has launched the process to be ready at end-2011 or early 2012. Preparing for a possible bourse listing takes time but the decision will depend on market conditions. Starwood Capital is by nature opportunistic,’ a source close to the matter told Les Echos.
Starwood Capital took on Louvre Hotels as part of its acquisition of Taittinger’s hotel and champagne empire in 2005

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