• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Blackstone and Starwood Capital Increase Offer to Acquire Extended Stay America to $20.50 in Cash Per Paired Share and Amend Definitive Merger Agreement

    6/1/21 8:00:00 AM ET
    $BXMT
    $STAY
    $STWD
    Real Estate Investment Trusts
    Real Estate
    Hotels/Resorts
    Consumer Services
    Get the next $BXMT alert in real time by email

    Represents "Best and Final" Offer from Blackstone and Starwood Capital and Provides Enhanced, Immediate and Certain Value

    Amended Agreement Unanimously Approved by Both Extended Stay Boards of Directors

    Special Meetings to be Adjourned to June 11, 2021

    Shareholders Urged to Vote "FOR" the Amended Transaction on the WHITE Company Proxy Card

    CHARLOTTE, N.C., June 01, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. ("ESA") and its paired-share REIT, ESH Hospitality, Inc. ("ESH" and together with ESA, the "Company" or "STAY") (NASDAQ:STAY), Blackstone Real Estate Partners ("Blackstone") and Starwood Capital Group ("Starwood Capital") announced today that they have signed an amendment to their previously announced definitive merger agreement. Under the terms of the merger agreement, as amended, a 50/50 joint venture between funds managed by Blackstone and Starwood Capital will now pay STAY shareholders an additional $1.00 per paired share in cash for a total consideration of $20.50 per paired share in cash. The merger agreement, as amended, has been unanimously approved by the entire boards of directors of both ESA and ESH.

    The $20.50 per paired share consideration represents the Blackstone/Starwood Capital joint venture's best and final offer and a 21.0% premium over the closing STAY price of $16.94 on March 12, 2021, the last trading day prior to the execution of the merger agreement on March 14, 2021. The Company encourages shareholders to consider the meaningful downside risk recognized by independent third parties in the event a transaction is not approved. The Company notes that the amended transaction represents an implied 30.3% premium, which ranks in the 81st percentile of precedent REIT all-cash transactions since 2013, based on the extrapolated STAY stock price since the March 15th announcement over which time lodging companies have traded down 7.1%.1  

    Doug Geoga, Chairman of the Boards of the Company, said, "The STAY boards and management team are committed to acting in the best interests of the Company and all of our shareholders, and appreciate the input that we have received from shareholders throughout this process. At this enhanced offer price, we are also pleased to have the support of all 11 of our directors as each and every one of us views a sale of the Company for $20.50 per paired share in cash today as the best outcome possible for shareholders."

    Bruce Haase, CEO and President of the Company, said, "I believe this revised offer from Blackstone and Starwood Capital reflects a uniquely compelling value proposition for our shareholders and is superior to any viable alternative for the Company."

    Tyler Henritze, Head of Acquisitions Americas for Blackstone Real Estate, said, "We are pleased that the revised offer and merger agreement have been approved by every director of ESA and ESH's boards. Pending shareholder approval of this best and final offer, we look forward to closing the transaction in mid-June."

    Barry Sternlicht, CEO of Starwood Capital, stated, "This revised offer allows STAY shareholders to recognize significant value for their shares. We are grateful for the Boards' unanimous support and look forward to gaining that support from STAY shareholders as well."

    Special Meeting Timing

    In order to ensure STAY shareholders have sufficient time to consider the amended merger agreement, the Special Meetings of the Shareholders of the Company scheduled for June 8, 2021 will be convened and then adjourned. The ESA Special Meeting will be reconvened on June 11, 2021, at 8:30 a.m., Eastern Time, and the ESH Special Meeting will be reconvened on June 11, 2021, at 9:30 a.m., Eastern Time. The reconvened Special Meetings will be held exclusively online via a live audio webcast at www.virtualshareholdermeeting.com/STAY2021SM. The record date for the Special Meetings will remain April 19, 2021.

    The transaction has received all regulatory approvals and is on track to close on June 16, 2021 pending shareholder approval at the reconvened Special Meetings on June 11, 2021. The Company's boards of directors both unanimously recommend that STAY shareholders vote to approve the transaction at the reconvened Special Meetings of Shareholders.

    Special Dividend

    As required under the terms of the Company's definitive merger agreement, the Board of Directors of ESA intends to declare a special cash dividend of $1.75 per share of common stock of ESA payable immediately before the effective time of the proposed mergers to holders of record as of the close of business on the day before the date on which the effective time will occur. If (but only if) the merger agreement, as amended, is approved by the STAY shareholders on June 11, 2021 at the reconvened Special Meetings of the Company and the other conditions to the closing are satisfied and waived, the special cash dividend will be payable on June 16, 2021, to holders of record of ESA common stock as of the close of business on June 15, 2021, and the merger effective time will occur immediately after on June 16, 2021.

    Company shareholders who hold their paired shares of common stock on the record date for the special cash dividend and through the effective time of the merger will be entitled to receive an aggregate of $20.50 in cash, consisting of the $1.75 special cash dividend and merger consideration which, as reduced by the $1.75 special cash dividend, is comprised of $10.40 per share of ESA common stock and $8.35 per share of Class B common stock of ESH.

    Whether or not STAY shareholders attend the reconvened Special Meetings, both STAY boards urge all Company shareholders to vote "FOR" the proposed mergers by voting your WHITE proxy card today, either by internet, telephone or mail. Shareholders who have already voted do not need to recast their votes unless they wish to change their votes. Proxies previously submitted will be voted at the reconvened Special Meetings unless properly revoked. Shareholders who have not already voted or wish to change their vote are encouraged to do so. Voting today by internet, telephone, or mail cancels any vote previously cast. Only the latest dated proxy, internet or telephonic vote counts.  If you have any questions, or need assistance in voting your shares, please immediately contact Okapi Partners LLC, our proxy solicitor, at (877) 629-6357 (toll-free) or at [email protected].

    Additional details regarding the amended definitive merger agreement will be described in a Form 8-K and proxy supplement filed with the Securities and Exchange Commission.

    About the Company

    Extended Stay America, Inc. ("ESA") and its brand Extended Stay America® is the leading brand in the mid-priced extended stay segment in the U.S. with 652 hotels. ESA's subsidiary, ESH Hospitality, Inc., is the largest lodging REIT in North America by unit and room count, with 564 hotels and approximately 62,500 rooms in the U.S. ESA also franchises an additional 88 Extended Stay America® hotels. Visit www.esa.com for more information.

    About Starwood Capital Group

    Starwood Capital Group is a private investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have approximately 4,100 employees. Since its inception in 1991, Starwood Capital Group has raised over $55 billion of equity capital, and currently has in excess of $75 billion of assets under management. Through a series of comingled opportunity funds and Starwood Real Estate Income Trust, Inc. (SREIT), a non-listed REIT, the Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Starwood Capital also manages Starwood Property Trust (NYSE:STWD), the largest commercial mortgage real estate investment trust in the United States, which has successfully deployed over $63 billion of capital since inception and manages a portfolio of over $17 billion across debt and equity investments. Over the past 29 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at starwoodcapital.com.

    About Blackstone Real Estate

    Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has $196 billion of investor capital under management. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, multifamily and single-family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone's Core+ strategy invests in substantially stabilized real estate globally through regional open-ended funds focused on high-quality assets and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE:BXMT).

    Contacts:

    Media:

    [email protected], [email protected], or [email protected]

    Investors:

    Rob Ballew

    [email protected]

    (980) 345-1546

    Additional Information and Where to Find It

    This communication may be deemed to be solicitation material in respect of the proposed acquisition of Extended Stay America, Inc. and ESH Hospitality, Inc. (together, the "Companies") by a joint venture of Blackstone Real Estate Partners and Starwood Capital Group. In connection with the proposed transaction, the Companies filed with the Securities and Exchange Commission ("SEC") on April 26, 2021 a definitive joint proxy statement and has or will furnish the definitive joint proxy statement to the stockholders of the Companies. STOCKHOLDERS OF THE COMPANIES ARE ADVISED TO READ THE DEFINITIVE JOINT PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors may obtain a free copy of the definitive joint proxy statement and other relevant documents filed by the Companies with the SEC at the SEC's Web site at http://www.sec.gov. The definitive joint proxy statement and such other documents filed with the SEC may also be obtained for free from the Investor Relations section of the Companies' web site (https://www.aboutstay.com/investor-relations) or by directing a request to the Companies at [email protected].

    Forward-Looking Statements

    Certain statements contained in this release constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts included in this document may be forward-looking, including statements regarding the Board of Directors of ESA's intention to declare a special cash dividend.

    There are a number of risks, uncertainties and other important factors, many of which are beyond the Company's control, that could cause their actual results to differ materially from the forward-looking statements contained in this communication. The potential risks and uncertainties include, among others, the possibility that ESA may be unable to obtain required stockholder approvals   or that other conditions to closing the proposed mergers may not be satisfied, such that the proposed mergers will not close or that the closing may be delayed; general economic conditions; the proposed mergers may involve unexpected costs, liabilities or delays; risks that the transaction disrupts current plans and operations of the Company; the outcome of any legal proceedings related to the proposed mergers; and the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement. For more details on these and other potential risks and uncertainties, please refer to the definitive joint proxy statement relating to the proposed mergers and the other documents that the Company filed with the SEC. All forward-looking statements speak only as of the date of this communication or, in the case of any document incorporated by reference, the date of that document. The Company is under no duty to update any of the forward-looking statements after the date of this document to conform to actual results, except as required by applicable law.

    ___________________________

    1 Reflects STAY's share price extrapolated based on undisturbed price of $16.94 as of 12-Mar-2021 and subsequent performance of lodging company index comprised of APLE, CLDT, DRH, HST, INN, PEB, PK, RHP, RLJ, SHO, XHR, CHH, HLT, MAR, and WH through 28-May-2021.



    Primary Logo

    Get the next $BXMT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BXMT
    $STAY
    $STWD

    CompanyDatePrice TargetRatingAnalyst
    Blackstone Mortgage Trust Inc.
    $BXMT
    12/11/2024$20.00Peer Perform → Outperform
    Wolfe Research
    STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc.
    $STWD
    9/5/2024$20.50 → $22.50Mkt Perform → Outperform
    Keefe Bruyette
    STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc.
    $STWD
    7/19/2024$24.00Buy
    BTIG Research
    Blackstone Mortgage Trust Inc.
    $BXMT
    7/19/2024$23.00Buy
    BTIG Research
    STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc.
    $STWD
    6/25/2024Peer Perform
    Wolfe Research
    Blackstone Mortgage Trust Inc.
    $BXMT
    6/25/2024Peer Perform
    Wolfe Research
    STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc.
    $STWD
    3/4/2024$22.50 → $21.50Buy → Neutral
    BofA Securities
    Blackstone Mortgage Trust Inc.
    $BXMT
    3/4/2024$22.00 → $21.00Buy → Neutral
    BofA Securities
    More analyst ratings

    $BXMT
    $STAY
    $STWD
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Starwood Property Trust Reports Results for Quarter Ended March 31, 2025

      – Quarterly GAAP Earnings of $0.33 and Distributable Earnings (DE) of $0.45 per Diluted Share – – Invested $2.3 Billion, Including $1.4 Billion in Commercial Lending and Record $0.7 Billion in Infrastructure Lending – – Closed $1.3 Billion After Quarter End, Including $0.9 Billion in Commercial Lending – – Issued $500 Million of Corporate Debt, Extending Average Maturity to 3.7 Years – – Current Liquidity of $1.5 Billion – – Paid Quarterly Dividend of $0.48 per Share for Over a Decade – MIAMI BEACH, Fla., May 9, 2025 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE:STWD) today announced operating results for the fiscal quarter ended March 31, 2025. The Company's first quarter 2025 GAAP ne

      5/9/25 7:00:00 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • Starwood Capital Appoints Rob Allard as Chief Investment Officer of Starwood Insurance Strategies

      Starwood to open up its $30 billion real asset credit platform to the insurance industry MIAMI BEACH, Fla., May 8, 2025 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital") today announced the appointment of Rob Allard as Chief Investment Officer for Starwood Insurance Strategies, a new extension of Starwood Capital's credit platform. Mr. Allard brings more than 27 years of financial industry experience to his new position, including deep expertise in insurance markets, asset-backed finance and private assets. Starwood Capital is a global leader in real estate and infr

      5/8/25 8:30:00 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • Blackstone Mortgage Trust Reports First-Quarter 2025 Results

      Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its first-quarter 2025 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $0.4 million. First quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were $(0.00), $0.17, $0.42, and $0.47 respectively. Katie Keenan, Chief Executive Officer, said, "BXMT continued to build momentum this quarter, with $1.6 billion of new originations and $2.2 billion of repayments and resolutions driving portfolio turnover, capital deployment and future earnings power. With our scaled platform and cycle-tested balance sheet supported by $1.6 billion of liquidity, BXMT

      4/30/25 7:00:00 AM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate

    $BXMT
    $STAY
    $STWD
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Blackstone Mortgage Trust upgraded by Wolfe Research with a new price target

      Wolfe Research upgraded Blackstone Mortgage Trust from Peer Perform to Outperform and set a new price target of $20.00

      12/11/24 7:27:51 AM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • Starwood Property Trust upgraded by Keefe Bruyette with a new price target

      Keefe Bruyette upgraded Starwood Property Trust from Mkt Perform to Outperform and set a new price target of $22.50 from $20.50 previously

      9/5/24 8:28:33 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • BTIG Research resumed coverage on Starwood Property Trust with a new price target

      BTIG Research resumed coverage of Starwood Property Trust with a rating of Buy and set a new price target of $24.00

      7/19/24 7:59:22 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate

    $BXMT
    $STAY
    $STWD
    Financials

    Live finance-specific insights

    See more

    $BXMT
    $STAY
    $STWD
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $BXMT
    $STAY
    $STWD
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Starwood Property Trust Reports Results for Quarter Ended March 31, 2025

      – Quarterly GAAP Earnings of $0.33 and Distributable Earnings (DE) of $0.45 per Diluted Share – – Invested $2.3 Billion, Including $1.4 Billion in Commercial Lending and Record $0.7 Billion in Infrastructure Lending – – Closed $1.3 Billion After Quarter End, Including $0.9 Billion in Commercial Lending – – Issued $500 Million of Corporate Debt, Extending Average Maturity to 3.7 Years – – Current Liquidity of $1.5 Billion – – Paid Quarterly Dividend of $0.48 per Share for Over a Decade – MIAMI BEACH, Fla., May 9, 2025 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE:STWD) today announced operating results for the fiscal quarter ended March 31, 2025. The Company's first quarter 2025 GAAP ne

      5/9/25 7:00:00 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • Blackstone Mortgage Trust Reports First-Quarter 2025 Results

      Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its first-quarter 2025 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $0.4 million. First quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were $(0.00), $0.17, $0.42, and $0.47 respectively. Katie Keenan, Chief Executive Officer, said, "BXMT continued to build momentum this quarter, with $1.6 billion of new originations and $2.2 billion of repayments and resolutions driving portfolio turnover, capital deployment and future earnings power. With our scaled platform and cycle-tested balance sheet supported by $1.6 billion of liquidity, BXMT

      4/30/25 7:00:00 AM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • Starwood Property Trust Announces Date for First Quarter 2025 Earnings Release and Conference Call

      MIAMI BEACH, Fla., April 17, 2025 /PRNewswire/ -- Starwood Property Trust (NYSE:STWD) today announced that the Company will release its first quarter 2025 financial results on Friday, May 9, 2025 before the opening of trading on the New York Stock Exchange. A conference call will be held on Friday, May 9, 2025 at 10:00 a.m. Eastern Time. During the conference call, the Company's officers will review first quarter performance, discuss recent events and conduct a question-and-answer period. WebcastThe conference call will also be available in the Investor Relations section of the Company's website at www.starwoodpropertytrust.com. To listen to a live broadcast, go to the site at least 15 minu

      4/17/25 4:15:00 PM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • Director Nassau Henry N bought $188,978 worth of shares (10,000 units at $18.90), increasing direct ownership by 6% to 182,946 units (SEC Form 4)

      4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

      5/7/25 5:32:14 PM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • Director Lynch Nnenna was granted 653 shares, increasing direct ownership by 3% to 26,173 units (SEC Form 4)

      4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

      4/16/25 6:23:42 PM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • Director Nassau Henry N was granted 2,517 shares, increasing direct ownership by 1% to 172,946 units (SEC Form 4)

      4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

      4/16/25 6:23:34 PM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • Director Nassau Henry N bought $188,978 worth of shares (10,000 units at $18.90), increasing direct ownership by 6% to 182,946 units (SEC Form 4)

      4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

      5/7/25 5:32:14 PM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • Director Nassau Henry N bought $175,179 worth of shares (10,000 units at $17.52), increasing direct ownership by 6% to 165,557 units (SEC Form 4)

      4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

      8/8/24 9:15:29 PM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • CEO & President Keenan Katharine A bought $274,634 worth of shares (16,000 units at $17.16), increasing direct ownership by 9% to 198,960 units (SEC Form 4)

      4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)

      8/6/24 5:22:33 PM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate

    $BXMT
    $STAY
    $STWD
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc. (Amendment)

      SC 13G/A - STARWOOD PROPERTY TRUST, INC. (0001465128) (Subject)

      2/13/24 5:14:05 PM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • SEC Form SC 13G/A filed by Blackstone Mortgage Trust Inc. (Amendment)

      SC 13G/A - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Subject)

      2/13/24 5:00:45 PM ET
      $BXMT
      Real Estate Investment Trusts
      Real Estate
    • SEC Form SC 13G/A filed by STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc. (Amendment)

      SC 13G/A - STARWOOD PROPERTY TRUST, INC. (0001465128) (Subject)

      1/24/24 5:23:52 PM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate

    $BXMT
    $STAY
    $STWD
    SEC Filings

    See more
    • SEC Form S-3ASR filed by STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc.

      S-3ASR - STARWOOD PROPERTY TRUST, INC. (0001465128) (Filer)

      5/9/25 5:01:05 PM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • SEC Form 10-Q filed by STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc.

      10-Q - STARWOOD PROPERTY TRUST, INC. (0001465128) (Filer)

      5/9/25 6:51:43 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - STARWOOD PROPERTY TRUST, INC. (0001465128) (Filer)

      5/9/25 6:50:27 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate

    $BXMT
    $STAY
    $STWD
    Leadership Updates

    Live Leadership Updates

    See more
    • Starwood Capital Appoints Rob Allard as Chief Investment Officer of Starwood Insurance Strategies

      Starwood to open up its $30 billion real asset credit platform to the insurance industry MIAMI BEACH, Fla., May 8, 2025 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital") today announced the appointment of Rob Allard as Chief Investment Officer for Starwood Insurance Strategies, a new extension of Starwood Capital's credit platform. Mr. Allard brings more than 27 years of financial industry experience to his new position, including deep expertise in insurance markets, asset-backed finance and private assets. Starwood Capital is a global leader in real estate and infr

      5/8/25 8:30:00 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate
    • Everview Partners Launches New Private Investment Firm and Announces Key Initial Hires

      Billy Rahm to Lead Established Team of Alternative Real Assets Investors NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Everview Partners, L.P. ("Everview" or the "Firm") today announced its launch as a newly formed private investment firm founded by Billy Rahm on the belief that applying both private equity and credit expertise to U.S. real asset investments could yield enduring performance across market cycles. Rahm brings over 20 years of leadership and real asset investing experience across leading alternative asset management firms including Centerbridge and Blackstone. "With the

      2/4/25 10:00:00 AM ET
      $BRX
      $RADI
      $SUI
      $STAY
      Real Estate Investment Trusts
      Real Estate
      Telecommunications Equipment
      Consumer Discretionary
    • Starwood Capital Appoints Andrew Sossen Senior Managing Director, Chief Operating Officer

      MIAMI BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a global private investment firm with a primary focus on real estate, today announced that Andrew J. Sossen will rejoin the firm in September as a Senior Managing Director and Chief Operating Officer. In this role, Andrew will be a member of Starwood Capital's executive committee and oversee the day-to-day operations of the firm, reporting to Barry Sternlicht, Starwood Capital's Chairman and CEO. "I am delighted to welcome Andrew back to the Starwood family in this important role," sa

      8/13/24 10:00:00 AM ET
      $STWD
      Real Estate Investment Trusts
      Real Estate