Starwood Capital looks to sell all three 1 Hotels properties

Barry Sternlicht’s Starwood Capital Group is looking to sell all three hotels in its fledgling “eco-luxury” brand 1 Hotels, including two in New York City, sources told The Real Deal. The development firm could sell the hotels as one package or piecemeal, and sources familiar with the marketing process expect them to fetch north of $800 million. The hotel brand launched last year with the opening of the Miami Beach flagship. Starwood then set its sights … [more]

Source: Real Estate

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