Hotel chain Starwood Hotels & Resorts Worldwide and Italian real estate company Gruppo Statuto have set up a joint venture to launch the first W Hotel in Italy. Located in the heart of Milan's cultural district Brera, the hotel will occupy a converted mid-20th century building and comprise 76 rooms, a restaurant as well as spa and fitness centre.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
