Worldwide real estate news web site
The Index Linked Income Fund (ILIF) has completed a £40m deal to acquire the ground rent on the De Vere Beaumont Hotel in Old Windsor from funds managed by Starwood Capital Group. The fund’s manager Alpha Real Capital said that ILIF now has £400m of hotel ground rent assets under management and has funded over …
Continue reading “ILIF completes largest regional hotel transaction”
Beacon Capital Partners has sold Presidential Tower to Starwood Capital Group. The buyer received $98.5 million in financing from Société Générale and MetLife to acquire the property, and the full price of the building was reported to be around $100 million. Joining Ryan on the deal were NKF’s Executive Managing Director James Cassidy & Co-Head …
The Los Angeles County Employees Retirement Association supported the Angelo Fund and agreed to sell a hotel asset to Starwood Capital Group for $ 224 million. A spokesperson told IPE Real Assets that the $56bn pension fund had approved a $100m commitment to AG Asia Realty Fund IV. Fund IV made a $ 110 million …
Starwood Capital Group announced the launch of Uptown Suites, a nationwide brand of upscale, economy-priced extended-stay suites for families, business travelers and long-term visitors. Uptown Suites will be managed by InTown Suites, an owner-operator of extendedstay properties in 188 locations in 22 states with more than 24,000 rooms. With the launch of Uptown Suites through …
Continue reading “Starwood Capital Group launches Uptown Suites”
Canada’s Milestone Apartments Real Estate Investment Trust announced that it has entered into an acquisition agreement with an affiliate of Starwood Capital Group pursuant to which Starwood will acquire all of Milestone’s subsidiaries and assets and Milestone unitholders will receive US$16.15 per trust unit in cash. Subject to the satisfaction of all conditions precedent, the …
Continue reading “Canada’s Milestone Apartments REIT to be acquired by Starwood Capital Group”
Starwood Capital Group, a leading global private investment firm, and Round Hill Capital, a leading European specialist real estate investment and asset management firm, announced that they have acquired, through a new joint venture involving controlled affiliates, an operational portfolio of six modern, purpose-built, premium student accommodation assets across the United Kingdom. As part of …
Starwood Capital Group, a leading global private investment firm, announced that China Life Insurance Co. Ltd., China’s largest life insurance company, has invested with Starwood Capital Group in approximately $2 billion of select-service hotels in the United States. China Life will serve as both the anchor and leading investor for the portfolio alongside a group …
Continue reading “China Life invests in Starwood Capital Group select-service hotel portfolio”
Deka Immobilien GmbH has secured the prestigious building complex “The Park” in Prague under a purchase agreement with a controlled affiliate of global private investment firm Starwood Capital Group. Under the terms of the transaction—which were not disclosed—this well-established office park will be transferred to the new institutional fund Deka-Immobilien Fokus Prag (DIFP). The fund …
Continue reading “German Deka Immobilien acquires office complex in Prague”
