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Starwood Capital Acquires Hotel in Copenhagen

Starwood Capital Acquires Hotel in Copenhagen
27 January 2021
Starwood Capital Group, a global private investment firm focused on real estate and energy investments, announced the acquisition of a landmark hotel in Central Copenhagen; marking its first real estate investment into Denmark.
A controlled affiliate has acquired the Skt. Petri hotel in Copenhagen from Strawberry Forever for an undisclosed sum.
Located in the heart of Copenhagen, the Skt. Petri has 288 rooms and was voted the #1 hotel in Northern Europe by Condé Nast in 2020. As part of the transaction, Starwood Capital is also acquiring ~50k sqft of leisure and retail space located on the ground floor of the hotel. ....

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Starwood Capital Acquires The Skt. Petri Hotel In Copenhagen

Starwood Capital Acquires The Skt. Petri Hotel In Copenhagen
Acquisition of landmark hotel in Central Copenhagen marks Starwood Capital s first real estate investment into Denmark
LONDON, Jan. 26, 2021 /PRNewswire/ Starwood Capital Group ( Starwood Capital ), a global private investment firm focused on real estate and energy investments, announced today that a controlled affiliate has acquired the Skt. Petri hotel in Copenhagen from Strawberry Forever for an undisclosed sum.
Located in the heart of Copenhagen, the Skt. Petri has 288 rooms and was voted the #1 hotel in Northern Europe by Condé Nast in 2020. As part of the transaction, Starwood Capital is also acquiring ~50k sqft of leisure and retail space located on the ground floor of the hotel. ....

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Place North West | Starwood, PAG unveil £200m Renaissance plans

Dan Whelan and Sarah Townsend
A joint venture between developer Property Alliance Group and investor Starwood Capital Group has acquired the 1970s Manchester hotel and intends to redevelop it into a mixed-use scheme with offices, homes and a new hotel.
A controlled affiliate of Starwood, through the JV with PAG, scooped up the long leasehold of the Renaissance site on Deansgate from developer Urban & Civic for an undisclosed sum, the Florida-headquartered private investment firm said. Manchester City Council retains the site’s freehold. The companies declined to reveal their split of JV interests.
Starwood Capital, headed by Barry Sternlicht, focuses on real estate and energy investments and has around £60bn of assets under management. Among its past hotel assets were the Principal portfolio – 14 assets including the Principal Manchester on Oxford Road, since renamed the Kimpton Clocktower – which it sold to Intercontinental Hotels Group for £858m in 2018, a ....

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