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BUSINESS
June 1, 2006
* The United States and Vietnam signed a trade pact that would remove one of the last major hurdles to Hanoi's joining the World Trade Organization. * Starwood Capital Group agreed to sell the Taittinger champagne house to Credit Agricole du Nord-Est, for about $850 million.
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BUSINESS
May 29, 2010 | Bloomberg News
A group of investors won a bankruptcy auction for hotel chain Extended Stay Inc. with a $3.9-billion bid, two people familiar with the matter said Friday. Extended Stay, which filed for bankruptcy protection last June, selected the proposal by Paulson & Co., Centerbridge Partners and Blackstone Group over a rival bid from Starwood Capital Group and TPG Capital after an all-night auction, the people said. The two groups were competing for months to invest in Extended Stay and its portfolio of more than 600 hotels.
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BUSINESS
November 20, 2001 | Bloomberg News
WCB Properties and Starwood Capital Group bought an office and retail complex in San Diego for $71 million, one of the largest office property sales in the metropolitan area this year. The two firms purchased the 389,000-square-foot Hazard Center, in the city's Mission Valley area, from Connecticut General Life Insurance, according to broker Cushman & Wakefield, which represented the seller. The property's 15-story, granite-clad office tower is fully leased, with such tenants as Aetna Inc.
BUSINESS
June 1, 2006
* The United States and Vietnam signed a trade pact that would remove one of the last major hurdles to Hanoi's joining the World Trade Organization. * Starwood Capital Group agreed to sell the Taittinger champagne house to Credit Agricole du Nord-Est, for about $850 million.
BUSINESS
May 16, 1995 | Times Staff and Wire Reports
Aoki May Sell More Hotels: The Japanese company, looking to reduce debt, is considering selling some or all of its 28 remaining hotels after closing its previously announced deal to sell Westin Hotel Co. for $537 million to an investment group led by Goldman, Sachs & Co. and Starwood Capital Group. The sale involves full or partial ownership of 13 hotels in the United States and contracts to manage another 60 worldwide. Aoki Corp. retains nine U.S.
BUSINESS
May 29, 2010 | Bloomberg News
A group of investors won a bankruptcy auction for hotel chain Extended Stay Inc. with a $3.9-billion bid, two people familiar with the matter said Friday. Extended Stay, which filed for bankruptcy protection last June, selected the proposal by Paulson & Co., Centerbridge Partners and Blackstone Group over a rival bid from Starwood Capital Group and TPG Capital after an all-night auction, the people said. The two groups were competing for months to invest in Extended Stay and its portfolio of more than 600 hotels.
BUSINESS
November 30, 1994 | From a Times Staff Writer
When the Aoki Corp. of Japan announced the sale of its Westin Hotel Co. division last week, the 390-room Westin South Coast Plaza was included on the list of properties slated for an ownership change. But Westin officials said Tuesday that the Costa Mesa hotel is not among the properties to be sold. On Friday, Westin issued a statement saying that the hotel was one of 13 properties being sold to an investor group.
BUSINESS
December 7, 2002 | From Bloomberg News
A Goldman Sachs Group Inc. fund and Starwood Capital Group Inc. named Roland Smith chief executive of National Golf Properties Inc. and an affiliate, which the two funds are acquiring for $1.1 billion. Smith, 48, resigned as president and chief executive of AMF Bowling Worldwide Inc. to lead Santa Monica-based National Golf and American Golf Corp. Shares of National Golf rose 20 cents to $11.62 on the NYSE.
BUSINESS
April 29, 2005 | From Reuters
Starwood Hotels & Resorts Worldwide Inc., Starwood Capital Group and investment bank Lehman Bros. said they would buy the Le Meridien chain of high-end hotels in a long-expected deal. That news came just hours after Marriott International, Sunstone Hotel Investors and Walton Street Capital said they would buy 32 hotels and joint ventures from CTF Holdings Ltd. in a $1.45-billion deal.
BUSINESS
January 24, 2006 | From Bloomberg News
Real estate entrepreneur Barry Sternlicht, who founded Starwood Hotels & Resorts Worldwide Inc., said he would start a luxury-hotel chain to compete with high-end properties including St. Regis. The Crillon brand may be opened in cities including London, Rome and New York. The brand will be modeled on the Hotel de Crillon in Paris, which Sternlicht's Starwood Capital Group acquired with its purchase of Societe de Louvre this month. Sternlicht's new brand will be competing with the St.
BUSINESS
November 20, 2001 | Bloomberg News
WCB Properties and Starwood Capital Group bought an office and retail complex in San Diego for $71 million, one of the largest office property sales in the metropolitan area this year. The two firms purchased the 389,000-square-foot Hazard Center, in the city's Mission Valley area, from Connecticut General Life Insurance, according to broker Cushman & Wakefield, which represented the seller. The property's 15-story, granite-clad office tower is fully leased, with such tenants as Aetna Inc.
BUSINESS
May 16, 1995 | Times Staff and Wire Reports
Aoki May Sell More Hotels: The Japanese company, looking to reduce debt, is considering selling some or all of its 28 remaining hotels after closing its previously announced deal to sell Westin Hotel Co. for $537 million to an investment group led by Goldman, Sachs & Co. and Starwood Capital Group. The sale involves full or partial ownership of 13 hotels in the United States and contracts to manage another 60 worldwide. Aoki Corp. retains nine U.S.
BUSINESS
November 30, 1994 | From a Times Staff Writer
When the Aoki Corp. of Japan announced the sale of its Westin Hotel Co. division last week, the 390-room Westin South Coast Plaza was included on the list of properties slated for an ownership change. But Westin officials said Tuesday that the Costa Mesa hotel is not among the properties to be sold. On Friday, Westin issued a statement saying that the hotel was one of 13 properties being sold to an investor group.
BUSINESS
March 7, 1998 | Jesus Sanchez
Insignia Commercial Group has replaced Starwood Capital Group and developer Raffi Cohen as the buyer of the 615,000-square-foot Figueroa Plaza, according to people familiar with the deal. Lexington Commercial Holdings, which owns the office complex at the edge of downtown Los Angeles, had agreed earlier this year to sell Figueroa Plaza to a partnership formed by Starwood and Cohen based on their $77-million bid.
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