Starwood Investors Approve Westin Deal

Starwood Lodging Trust said Monday its shareholders approved its acquisition of Westin Hotels & Resorts for about $1.57 billion.

The Westin deal, expected to close by Jan. 2, will give Starwood interests in 16 upscale hotels and the ability to franchise and manage hotels for third parties. Some Starwood properties may be converted to Westin hotels.