The American Starwood and Resorts Worldwide group announced on Thursday that it has agreed to sell the historic The Westin Excelsior Rome to Qatar-based Katara Hospitality for 220 million euros, or $250 at current exchange rate, according to media reports.

As part of the deal, the hotel, which appeared several times in the movie “La Dolce Vita” by Federico Fellini, will be renovated in the next five years including a top-to-bottom transformation of all guest rooms and public areas. Opened in 1906 in the heart of Rome, the hotel counts 281 rooms and 35 suites, two restaurants, a bar, a wellness center, a swimming pool and numerous conference rooms.

The acquisition of The Westin Excelsior Rome increases Katara Hospitality’s portfolio to a total of 35 properties worldwide and makes it the third owned hotel in Italy, as well as the InterContinental de la Ville in Rome and the Excelsior Hotel Gallia in Milan.

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