Management Appointment SH Group
Arash Azarbarzin Named President of SH Group
Azarbarzin to Oversee 1 Hotels and Baccarat Hotels Operations, as well as Future Developments of both Brands
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Starwood Capital Group News Page 2
Hotel Transaction Hungary
Sofitel Budapest Chain Bridge Hotel Sold to Starwood Capital
Starwood Capital Group announced today that it has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group, the leading hotel operator in Eastern Europe.
Hotel Opening Los Angeles
The Jeremy West Hollywood Hotel Opens
The hotel presents a very distinctive metal cladding on its exterior with its prominent hilltop location allowing for stunning views, ranging from Santa Monica to Downtown L.A. A seven-story Dream Catcher installation connects the two towers of the hotel, which is lit by innovative LED lighting design by Hollywood lighting designer Walter Barry known for his work on both television dramas and documentaries.
Hotel Transaction California
Starwood Capital Group Acquires The Jeremy West Hollywood Hotel
Starwood Capital Group today announced that it has acquired, through a controlled affiliate, the newly constructed 286-key The Jeremy West Hollywood hotel property in West Hollywood, Ca. Terms of the transaction were not disclosed.
New Starwood Capital Group Brand
Starwood Capital Group Launches New Uptown Suites Hotel Brand
First Location Open in Concord, N.C.; More than 10 Properties to Open by 2019
Hotel Development China
Shimao Property Holdings And Starwood Capital Group To Create New Hotel Joint Venture In China
The joint venture plans to focus on developing, operating, and branding assets in the rapidly growing hotel market in China via both management contracts and leasing agreements
Hotel Development Spain
Starwood Capital Group, HI Partners Team Up To Invest Euro 500M In Spanish Hotel Sector
Starwood Capital Group, through a controlled affiliate of Starwood Global Opportunity Fund X (SOF X), will own 70% of the joint venture company, while HI Partners will own the remaining 30%. HI Partners - majority-owned by Banc Sabadell, the fifth-largest banking group in Spain - will serve as the manager of the joint venture, which is expected to deploy approximately €500 million in the Spanish hotel sector over the next three years.
Hotel Portfolio Transaction
Starwood Capital Group Acquires Portfolio Of Fifty U.S. Economy Extended-Stay Hotels
This deal, which was completed by a controlled affiliate of Starwood Capital Group, consists of 6,106 rooms primarily in the Southeast, including desirable markets in North Carolina, Florida, Texas, Georgia and Alabama. With this acquisition, InTown Suites will become the largest owner of economy extended-stay hotels in the United States, with one hundred and eighty nine owned locations and 24,154 suites.
Hotel Transaction London
Starwood Capital Group Completes Sale Of Ace Hotel London Shoreditch
Starwood Capital Group announced today that it has completed, through a controlled affiliate, the sale of the Ace Hotel London Shoreditch to Limulus Ltd., which was advised by The Deerbrook Group.
Hotel Opening Manhattan
Baccarat Hotel & Residences New York Opens
Baccarat Hotel & Residences New York is the first hotel and global flagship for the 250 year-old Baccarat crystal brand. Directly across the street from the Museum of Modern Art and steps away from Fifth Avenue's legendary shopping, the hotel occupies the first 12 floors of the split level tower that rises 550 feet above West 53rd Street.