STAMFORD - The former managers of a Stamford hotel agreed on Friday to settle a multimillion-dollar lawsuit with the family of a Greenwich woman who was brutally murdered there in 2007.

Police say Juan Botello of Stamford, stabbed his ex-girlfriend, 21-year-old Layla Banks, at the former Sheraton Hotel.

Officials say Botello confessed to murdering Banks in a jealous rage after the two ran into each other at a party at the hotel, which is now known as Starwood.

A lawyer for Banks' family says the lawsuit addressed a lack of security at the hotel and say they hope future tragedies can be avoided.

Officials with Starwood released a statement saying they are pleased the suit is resolved, and that their thoughts are with Banks' family.