Barry Sternlicht thinks that hotel companies are working hard now to make their product not just a commodity or they’re going to get disintermediated by Airbnb and guys like that.
The global head of real estate of Blackstone Group and the chairman and CEO of Starwood Capital Group took to the stage at the NYU International Hospitality Industry Investment Conference.
Starwood Capital Group, a leading global private investment firm, announced today that it has acquired a portfolio of fifty U.S. economy extended-stay locations.
Jinjiang Holdings purchase of Starwood Capital Group’s Louvre Hotel Group is its latest move to surpass Hilton Hotels globally in five years.
The Wall Street Journal is reporting that China’s Sunshine Insurance Group Co. has agreed to pay more US$230 million for the 114-room luxury hotel.
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