Hotel & Motel Management: Affiliates of Lehman Brothers and Starwood Capital Group Global LLC entered into a nonbinding letter of intent

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Affiliates of Lehman Brothers and Starwood Capital Group Global LLC entered into a nonbinding letter of intent

Affiliates of Lehman Brothers and Starwood Capital Group Global LLC entered into a nonbinding letter of intent to form a joint venture that would propose to acquire Le Meridien's owned and leased hotel portfolio.