Construction started this week on the new Sheraton Malpensa Airport hotel located near Milan's Malpensa airport in northern Italy. Italy's Degennaro group, which owns the site through its construction unit DEC, expects the 440-room hotel facility to be completed in January 2010. Total investment for the property, which is adjacent to Milan airport's main building, is estimated at EUR 60 mln. Starwood Hotels & Resorts will manage the hotel.
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