Starwood Capital Group to Sell an £830m ($1.1b) Portfolio of U.K. Hotels to Foncière des Régions

Starwood Capital Group | May 3, 2018

MIAMI, May 3, 2018 -- Starwood Capital Group ("Starwood"), a leading global private investment firm, announced today that a controlled affiliate has agreed to sell a portfolio of 14 U.K. hotels that form part of The Principal Hotel Company to Foncière des Régions (through its subsidiary dedicated to hotel real estate, Foncière des Murs). Terms of the transaction, which is expected to be completed in June 2018, were not disclosed. The portfolio consists of 14 leading, full-service hotels comprised of 2,638 keys and split across two distinct landmark brands, Principal (12 hotels) and De Vere (2 hotels). The ...