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Starwood Capital Group history
Starwood Capital Group company history timeline
In 1991, at the age of 31, Sternlicht launched the firm to buy apartment buildings that were being sold by the Resolution Trust Corporation, created by the federal government to hold and liquidate the real estate assets owned by failed banks after the savings and loan crisis.
In 1993, the company contributed the apartment portfolio to Sam Zell's Equity Residential in exchange for a 20% stake in the company.
In 1994, in partnership with Goldman Sachs, the company purchased Westin Hotels & Resorts in a $561 million transaction.
In 2009, a consortium led by Starwood Capital bought 40% of the loan portfolio of Corus Bankshares, which suffered from bank failure.
In 2010, the company lost an auction to buy Extended Stay Hotels, which was in bankruptcy.
In 2012, the company began construction of a chain of hotels under the name of Baccarat Hotels and Resorts, featuring crystal chandeliers from Baccarat.
In February 2014, Starwood Property Trust spun off Starwood Waypoint Residential Trust, a single-family rental real estate investment trust.
In March 2014, the firm acquired a stake in the A.S. Roma football club, and in October 2014, Starwood purchased 7 upscale malls in Virginia, Florida, North Carolina, Texas, and Michigan from Taubman Centers in a $1.4 billion transaction.
Groupe de Louvre was sold in 2015, but Baccarat was retained by Starwood.
In January 2016, Starwood Waypoint Residential Trust merged with Colony American Homes, creating Colony Starwood Homes.
In 2016, the company acquired 23,262 apartments from Equity Residential for $5.365 billion.
In September 2017, Starwood invested $250 million in YOTEL for a 30% stake.
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Starwood Capital Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Leonard Green & Partners, L.P. | 1989 | $35.0M | 66 | - |
| Washington Prime Group | 2014 | $524.4M | 845 | 1 |
| Charles Schwab | 1971 | $1.6B | 32,000 | 524 |
| Starwood Property Trust | 2009 | $1.1B | 277 | 1 |
| Wheels | 1939 | $160.0M | 600 | 14 |
| Union Square CU | 1957 | $11.6M | 68 | - |
| BBD | 1997 | $49.9M | 1,000 | - |
| Frontier | 2011 | $540,000 | 50 | 7 |
| Sunny | 2013 | $21.4M | 420 | 33 |
| Banc Trust Financial Group Inc | - | - | - | - |
Starwood Capital Group history FAQs
Zippia gives an in-depth look into the details of Starwood Capital Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Starwood Capital Group. The employee data is based on information from people who have self-reported their past or current employments at Starwood Capital Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Starwood Capital Group. The data presented on this page does not represent the view of Starwood Capital Group and its employees or that of Zippia.
Starwood Capital Group may also be known as or be related to Starwood Capital, Starwood Capital Group and Starwood Capital Group Global, L.P.