Starwood Hotels & Resorts Worldwide Inc. is selling its trio of hotels near Philadelphia International Airport.
The complex has the 251-room Sheraton Suites Philadelphia Airport Hotel, the 177-room Four Points by Sheraton Philadelphia Airport, and the Aloft Philadelphia Airport with 136 rooms - 564 rooms in all.
Simon Turner, president of global development for Starwood, said Friday: "Starwood continues its systematic pursuit of an asset-light strategy by selling hotels to owners who share our vision for each property. We are fortunate to have a quality portfolio of owned assets in a number of high-barrier-to-entry markets.
"With continuing improvements in hotel industry fundamentals, historically low interest rates, and improving capital markets conditions, we've seen a meaningful increase in buyer interest."