Starwood Capital Group Sells Interest in Four Beachfront Hotels in Spain

Starwood Capital Group | July 7, 2017

July 7, 2017 -- Starwood Capital Group, a leading global private investment firm, today announced that its Starwood Global Opportunity Fund X controlled affiliate has sold its interest in a collection of hotels across key leisure markets in Spain. The assets are owned in a joint venture with Melia Hotels International, a leading Spanish hotel operator, which is retaining interest in the assets in the portfolio. The portfolio sold consists of four well-established beachfront hotels representing 2,070 keys that will continue to be managed by Melia following the transaction. Terms of the transaction were not disclosed. Included in the port...