barry sternlicht

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History of Starwood Capital’s Louvre Hotel Group

Small excerpt from a GulfNews.com article which gives a quick and short history of how the Louvre Hotel Group has expanded by purchasing different hotel brands through the centuries (yes, century).

Nov. 29, 2009 | Andrew Calvo | 0 comments | Continued
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iStar Financial Takes Over Asbury Partners

I’ve written about Asbury Park’s redevelopment in the past, because of my personal attachment to the town I grew up in (even if it wasn’t the greatest place for a kid to ride his bike around the block). Asbury Park always seems to be on its way to a renaissance, and then some external factor comes and sets it back a few years.

I’ve just learned that Asbury Partners, the Master Developer of the town has essentially been foreclosed upon by its lender: iStar Financial. With that, iStar is taking over the Master Developer designation. Sounds great right?

Well – unless I’m mistaken.. iStar is a real estate finance company. Not a developer.

Nov. 26, 2009 | Andrew Calvo | 0 comments | Continued
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B.R. Guest & Starwood Capital Open the Post Card Inn on the Beach

B.R. Guest & Starwood Capital (with Starwood being a behind the scenes player) have opened up the Post Card Inn on the Beach in St. Petes Beach, Florida. This is a surfing, beached themed hotel in a converted TravelLodge which is going after the budget conscious vacationer.

Will this be a new hotel brand for B.R. Guest (and Starwood Capital) or will this be a single location with a great theme?

Read on..

Nov. 19, 2009 | Andrew Calvo | 0 comments | Continued
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Barry Sternlicht Interviewed by Maria Bartiromo on Mentoring Madness during Global Entrepreneurship Week.

Barry Sternlicht was interviewed by Maria Bartiromo for the Mentoring Madness segment of the Global Entrepreneurship Week, provided a lot of insight into how he started Starwood Capital (broke and unemployed) and what his motivation is for 1 Hotels.

Nov. 16, 2009 | Andrew Calvo | 3 comments | Continued
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1Hotels.com Finally Gets A Refresh

Starwood Capital’s 1Hotel.com website did a light renovation – demonstrating that the brand is not forgotten or canceled.

Oct. 19, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Capital Shows Interest In Extended Stay Hotels

Its been awhile since if written anything – but I think its time to start up again.
Today’s big story (in my mind at least) is a Wall Street Journal article today that brought to light Starwood Capital’s new found interest in the Extended Stay bankruptcy battle. (I’m writing this directly from my blackberry so I [...]

Sep. 30, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Looking To Sell Societe Du Louvre Hotels Piece by Piece

Starwood Capital’s sale of the Hotel de Crillon is on rocky ground as the purchaser – JJW Hotels and Resorts looks to be unable to complete the financing of the deal. Starwood Capital also seems to be heading toward selling each property individually so as to get a better return on investment for its investors due to the economy not providing the returns Starwood had once expected.

Sep. 6, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Capital Completes Golden Tulip Purchase

Pretty much on schedule, Starwood Capital did complete the purchase of Golden Tulip on July 31st.

From their press release:

Starwood Capital, through an affiliate, announces today that it has completed the acquisition of Golden Tulip Hospitality BV’s Franchise business, its Development & Representation businesses, Joint Venture interests, and the brands, trademarks and intellectual property of Golden Tulip, Tulip Inn and its related brands.

Aug. 17, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Capital Has An Impressive Showing In Hotel Magazine’s “325 Largest Hotel Companies”

This years HOTELS Magazine 325 Worlds Largest Hotel Companies list is showing that Starwood Capital is coming out of almost nowhere and jumping to number 8 on the list. Pretty impressive for a company that a few years ago seemed like it would never again be a major player in the hotel business.

Jul. 8, 2009 | Andrew Calvo | 1 comment | Continued
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Starwood Capital Signs Binding Agreement For Golden Tulip Purchase

On July 3rd Starwood Capital signed a binding agreement for the purchase of Golden Tulip Hospitality, merging the company with their Louvre Hotel Group.

Jul. 4, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Capital Purchases Golden Tulip Hotels

I think we’ll be seeing more of this in the near future – but on Friday Starwood Capital announced their intentions to purchase Golden Tulip Hotels. This seems like it’s going to be a complete purchase of the company – management contracts, company owned hotels, and any future deals that Golden Tulip may be involved [...]

Jun. 14, 2009 | Andrew Calvo | 2 comments | Continued
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