Starwood's Sternlicht Launching New Hotel Chain For Outdoorsy Travelers
Will the pandemic-era interest in the great outdoors continue? Barry Sternlicht is betting it will.
Will the pandemic-era interest in the great outdoors continue? Barry Sternlicht is betting it will.
Starwood is raising $10B for its latest opportunity fund.
The 373K SF portfolio of Miramar offices traded for $45M to YMP Real Estate Management and investor Nathan Pollack.
Starwood takes a half interest in the company, which builds in Ireland and the UK.
The Starwood Capital Group CEO said investors are returning to real estate after pouring money into AI. "We can see the sun" for the first time, he said.
Starwood alleges Alan Stalcup owes $110M after the investor breached several recourse guarantees backed by three Sunbelt properties.
The 2021-founded company, which focuses on the ‘hotelification’ of short-term rentals, has expanded significantly since its 2022 Series A fundraising round.
A Beacon Capital Management fund and Arizona-based 3Edgewood Real Estate are the new owners of the PCT towers.
Property values for the hotels have dropped by more than half since the loan was originated.
Starwood sells West Palm Beach shopping center to Invesco for $133M.
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