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Tag: barry sternlicht

iStar Financial Takes Over Asbury Partners

Andrew Calvo | November 26, 2009 | 0 Comments

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.

B.R. Guest & Starwood Capital Open the Post Card Inn on the Beach

Andrew Calvo | November 19, 2009 | 0 Comments

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..

Barry Sternlicht Interviewed by Maria Bartiromo on Mentoring Madness during Global Entrepreneurship Week.

Andrew Calvo | November 16, 2009 | 3 Comments

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.

1Hotels.com Finally Gets A Refresh

Andrew Calvo | October 19, 2009 | 0 Comments

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

Starwood Capital Shows Interest In Extended Stay Hotels

Andrew Calvo | September 30, 2009 | 0 Comments

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 [...]

Starwood Looking To Sell Societe Du Louvre Hotels Piece by Piece

Andrew Calvo | September 6, 2009 | 0 Comments

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.

Starwood Capital Puts It’s Crillon Hotel On The Market

Andrew Calvo | June 10, 2009 | 6 Comments

Starwood Capital placed the Crillon hotel in Paris on the market earlier this week, an extremely surprising move since Starwood has spoken so highly of the asset, and even intended to create a hotel brand based on the initial, historic location in Paris.

Rumors of 1 Hotels Demise Are Greatly Exaggerated

Andrew Calvo | May 13, 2009 | 0 Comments

Further proving that development hasn’t stopped on the 1 Hotel brand – a new flash animation has appeared on the main 1 Hotels website.

Baccarat Residences, Shanghai

Andrew Calvo | May 5, 2009 | 0 Comments

Starwood Capital’s Baccarat brand is launching the Baccarat Residences, Shanghai in the near future. This was originally known as the Residences 8 or Residences 8 – Shanghai.

Starwood Capital’s SH Group

Andrew Calvo | February 5, 2009 | 3 Comments

Starwood Capital created a new company called “SH Group” with the intention to use that as a vehicle to franchise and manage their newly created hotel brands – 1 Hotels, Baccarat Hotels and Crillon.

What Happened to Baccarat Anguilla?

Andrew Calvo | November 26, 2008 | 0 Comments

Whatever happened to the Baccarat Anguilla Hotel & Residences? It was supposed to be the centerpiece of the Temanos Anguilla development, but all references to it have been removed from Baccarats website, and all references to Baccarat have been removed from Temanos Anguillas website too.