Showing Results for tag: Starwood Capital

ESA faces shareholder lawsuit

News Story / 09 July 2021

US: Extended Stay America is facing a lawsuit from one of its shareholders, a Michigan pension fund, after its recent sale.

ESA acquisition financed by mega-loan

News Story / 22 June 2021

US: Blackstone and Starwood Capital have part funded their acquisition of Extended Stay America with a $4.65 billion loan.

ESA director nominees go public against proposed $6 billion sale

News Story / 26 May 2021

US: Three directors who have been nominated to the board at Extended Stay America Inc by said on Tuesday that a proposed sale undervalues the company and they can help create value as board members if the company remains independent.

ESA shareholder vote set for June 8

News Story / 27 April 2021

US: Extended Stay America set June 8 as the date for a shareholder vote on its $6 billion acquisition by a 50/50 joint venture between Blackstone Real Estate Partners and Starwood Capital Group.

Shareholder opposition to ESA sale grows

News Story / 24 March 2021

US: Several major shareholders in Extended Stay America have expressed their opposition to the proposed sale of the company to a Starwood Capital/Blackstone JV.

Starwood Capital JV plans £200m mixed-use redevelopment

News Story / 18 January 2021

UK: A controlled affiliate of Starwood Capital, through a joint venture with Property Alliance Group (PAG), has acquired the Renaissance Manchester site from Urban & Civic with plans for a mixed-use scheme including a new hotel, offices and homes.

Starwood Capital to refinance extended stay portfolio

News Story / 22 October 2020

US: Starwood Capital is accessing the commercial mortgage-backed securities market to refinance debt on a portfolio of 58 extended-stay hotels, as well as the construction costs of several recently built hotel properties.

Residence Inn makes London debut

News Story / 11 August 2017

UK: Marriott has announced the opening of Residence Inn London – London Bridge, the first property in the UK capital for the extended-stay brand.

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