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The fundraise for Starwood Distressed Opportunity Fund XII exceeded the $7.6 billion it had raised for a similar fund in 2018, the company said. The hotel operator was acquired by Starwood and ...
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In December 2013, Starwood Global Opportunity Fund IX, in partnership with Vencom, bought 7 retail properties from the Swedish retail group Kooperativa Förbundet for 3.9 billion Swedish kronor ($593.3 million), and sold these in 2016 and 2017.
Barry Stuart Sternlicht (born November 27, 1960) is an American billionaire and the co-founder (with Bob Faith), chairman, and CEO of Starwood Capital Group, an investment fund with over $100 billion in assets under management. [2] He is also chairman of Starwood Property Trust. [3]
Starwood was a majority investor in Design Hotels since 2011. [33] In October 2015, Starwood announced that it would add Design Hotels to its brand portfolio. [34] Member hotels of the Design Hotels collection had the option to join the Starwood Preferred Guest loyalty program and gain access to Starwood's sales platform. [35] [33]
Starwood Capital Group CEO Barry Sternlicht said commercial real estate is facing a balance sheet crisis, even though the underlying assets are performing. Borrowers will have trouble refinancing ...
In 2016, Mudrick Capital’s Distressed Opportunity Fund ranked 1st on Bloomberg’s 100 top-performing large hedge funds with a 38.7% return that year. [ 6 ] In September 2017, the firm converted its 15.3% stake in Verso Corporation , a paper milling company, into an activist holding, citing frustration with the board’s inaction to address ...