Starwood Capital Group Closes Two Funds
GREENWICH, CT, February 08, 2006. Starwood Capital Group Global, LLC has closed two funds, its $1.475 billion Starwood Global Opportunity Fund VII and its $900 million Starwood Hospitality Fund I. The closings bring the company's total capital raised last year to more than $3 billion.
The hospitality fund will invest in and develop hotel, resort and related leisure activities and properties worldwide at all levels of the capital structure. Investments will include single assets, portfolios and corporate entities.
The opportunity fund is focused on investing in undervalued real estate and real estate-related assets and operating companies across all property types, including senior housing, residential, retail, office, land and development.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
