MIAMI—Starwood Capital Group is selling a portfolio of 14 hotels in the United Kingdom to French real estate investment firm Foncière des Régions for 858 million pounds or approximately $1.1 billion.
The deal between a controlled affiliate of Starwood Capital Group and Foncière des Régions hotel real estate subsidiary Foncière des Murs primarily involve hotel properties that make up a portion of The Principal Hotel Co. While Starwood Capital did not divulge financial terms of the transaction, which is expected to close in June, the purchase price was reported in a press announcement by Paris-based Foncière des Régions.
Eastdil Secured and UBS served as advisors on the transaction for Starwood Capital.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
