Starwood Capital Group is a private investment firm headquartered in Greenwich, Connecticut.[1] The businesses owned by the firm include Starwood Property Trust, Inc., Starwood Energy Group Global, L.L.C., Starwood Real Estate Securities, L.L.C., and SH Group.
In 2000 Starwood Capital exited its investment in Starwood Hotels & Resorts, Inc. In 2003 the company exited its investment in iStar Financial, Inc.[2][3]
In 2009 a consortium led by Starwood Capital bought 40% of the loan portfolio of Corus Bank, a failed company.[4] In 2010 Starwood Capital Group lost an auction to buy Extended Stay Hotels to Centerbridge Partners. Starwood filed an objection against the sale to Centerbridge with the bankruptcy court in Manhattan.[5]
On July 12, 2010, Riviera Holdings, owners of the Riviera in Las Vegas and Black Hawk, Colorado, filed a Chapter 11 bankruptcy petition in Las Vegas together with a reorganization plan, under which secured lenders, led by Starwood Capital Group, would receive new debt and stock.