Starwood Hotels & Resorts Worldwide has announced that it has sold its leasehold interest in The Park Lane Hotel, London but will continue to operate the hotel as a Sheraton brand under a new long-term management contract. A major renovation of the 303 bedroom hotel located in Piccadilly, overlooking Green Park, is planned to start this autumn. On completion the hotel will be more clearly branded as the Sheraton Park Lane.

Details: www.sheratonparklane.com