Extended Stay America, Inc. | March 15, 2021
CHARLOTTE, N.C. -- March 15, 2021 -- Extended Stay America, Inc. and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) announced today that it has signed a definitive agreement to be acquired by a 50/50 joint venture between funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group (“Starwood Capital”) for $19.50 per paired share in an all-cash transaction valued at approximately $6 billion. The $19.50 per paired share consideration represents a premium of 23.3% over the 30-day volume-weighted average share price ending March 12, 2021 and a premium o...
Starwood Capital Group | January 17, 2020
MIAMI and LONDON, Jan. 17, 2020 - Starwood Capital Group, a leading global private investment group, announced today that The Grand Hotel, housed in one of Birmingham's most iconic buildings overlooking the city's prestigious Colmore Row, will once again open its doors to the public in the summer of 2020, following a dramatic restoration that will return the city centre landmark to its former glory. The luxury hotel, a Grade II* listed building, will be home to 185 spacious rooms and suites, retaining the building's mix of French Renaissance, Victorian and Art Deco features and paying homage to its illustrious history. Ori...
YOTEL | August 7, 2018
LONDON, August 7, 2018 --YOTEL continues its fast-paced UK and European expansion with new hotel in Glasgow's city centre that marks its second in strategic partnership with Starwood Capital. YOTEL today announced plans to open its second hotel in Scotland and fifth in the UK. The new hotel in Glasgow's city centre will open in November 2019 and bring the brand's key count in the UK to 823 as part of its European expansion strategy. Located in a prime city centre location opposite Glasgow's Central Station, the new YOTEL Glasgow will see the Westergate building on Argyle Street transformed into a 256-room hotel that will...
SH Group and Barry Sternlicht, 1 Hotels Founder and Starwood Capital Chairman / CEO, Introduce 1 Hotel Brooklyn Bridge, New York
1 Hotels | February 16, 2017
BROOKLYN, NEW YORK (February 16, 2017) – 1 Hotels, the mission-driven luxury lifestyle hotel brand, today opens the doors of its third property and first ground-up development, 1 Hotel Brooklyn Bridge. Remaining true to 1 Hotels founder, Barry Sternlicht, core philosophy, "The world around us is beautiful, and we want to keep it that way." The property cultivates the best of eco-conscious design, sustainable architecture, cause-oriented partnerships, and unrivaled service. Situated at Pier 1, just south of the iconic Brooklyn Bridge, in Brooklyn Bridge Park with sweeping waterfront views of the Manhattan skyline and the ...
Starwood Capital to Launch Principal, New Urban Lifestyle Hotel Brand, Following £150 Million ($194M) Capital Investment
Barry S. Sternlicht - Chairman & CEO, Starwood Capital Group | September 20, 2016
September 20, 2016-- Starwood Capital Group, a leading global private investment firm, announced today that it will launch PRINCIPAL, a new urban lifestyle hotel group, on 1st November 2016, following a capital investment in the portfolio of approximately £150 million. Principal is a collection of city-centre hotels based in landmark buildings in exceptional locations across the United Kingdom. The distinctive heritage and resulting relationship between the properties and their surroundings are the cornerstones of the Principal brand. Each of the hotels has a story to tell—of its history, its design and architecture, its qui...
Staybridge Suites Hotels | January 11, 2016
The hotel is under the leadership of General Manager Leo Chavez. 11 January, 2016 - ATLANTA – InterContinental Hotels Group (IHG) announces the opening of the new-build 98-suite Staybridge Suites Midland hotel in Midland, Texas. This hotel is the first Staybridge Suites® hotel in the city and joins IHG's other hotels located nearby, the Candlewood Suites Midland SW and the Holiday Inn Express & Suites Midland Loop 250. Located in the middle of Permian basin, one of the largest oil producing markets in the U.S., this hotel is expected to become a top choice for business travelers in the oil industry. Heather Balsley, SVP, A...
RREAF Acquires Two Hotels in Fort Pierce, Florida and Surfside Beach, South Carolina
Kevin Kelly Appointed Director of Sales and Marketing at Radisson Blu Aqua Hotel Chicago
IHG’s Newest Brand, Vignette Collection, Makes European Debut in Multi-Property Deal With JJW
Zoox Smart Data Unveils Advanced Facial Recognition Capabilities With Launch of Zoox Pass
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