UK: A controlled affiliate of Starwood Capital, through a joint venture with Property Alliance Group (PAG), has acquired the Renaissance Manchester site from Urban & Civic with plans for a mixed-use scheme including a new hotel, offices and homes. The site is located on Deansgate and is next to Harvey
UK: Starwood Capital has agreed the sale of 14 hotels that form part of The Principal Hotel Company to Foncière des Régions. The £858 million deal is expected to be completed next month, and will see IHG assume management of 13 of the properties, mainly through its Kimpton brand, but
UK: French real estate investment firm Foncière des Régions (FdR) is close to concluding a deal to acquire the Principal Hotels portfolio from Starwood Capital. FdR has entered into exclusive discussions with Starwood Capital about acquiring 14 properties through its hotel subsidiary Foncière des Murs. The portfolio has a total
US: leading global private investment firm confirms substantial YOTEL investment A fund affiliated with Starwood Capital Group has committed to making a strategic investment of $250 million in YOTEL. Starwood will acquire a 30 percent stake in the company. Its money will go to real estate acquisitions for new building
UK: Starwood Capital Group has announced the forthcoming launch of Principal, a UK lifestyle hotel group. UK: Starwood Capital Group has announced the forthcoming launch of Principal, a UK lifestyle hotel group. The group will officially launch on 1st November, following a capital investment in the portfolio of around £150
US: Starwood Capital Group has announced the launch of its 1 Hotels eco-friendly luxury lifestyle hotel brand. The first 1 property opened this week in South beach, Miami, and will be followed by Central Park, New York City, in late spring and Brooklyn Bridge Park at the end of 2015.
UK: The Ace Hotel in London’s Shoreditch has been sold for £150 million, or £580,000 per key. UK: The Ace Hotel in London’s Shoreditch has been sold for £150 million, or £580,000 per key. The hotel which once stood on the site of the original Shoreditch Empire music hall was
UK: Starwood Capital Group is planning to launch an urban lifestyle hotel brand in the UK. UK: Starwood Capital Group is planning to launch an urban lifestyle hotel brand in the UK. The company is expected to invest up to £100 million in renovating and expanding a group of properties
UK: Starwood Capital has acquired the Townhouse Collection in Scotland, and its two assets Blythswood Square in Glasgow and The Bonham in Edinburgh. UK: Starwood Capital has acquired the Townhouse Collection in Scotland, and its two assets Blythswood Square in Glasgow and The Bonham in Edinburgh. The Town House Collection
UK: Starwood Capital has bought the Roxburghe hotel in Edinburgh in what is being described as a “landmark deal” for the city’s hotel market. UK: Starwood capital has bought the Roxburghe hotel in Edinburgh in what is being described as a “landmark deal” for the city’s hotel market. The 199-bedroom
