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...Starwood Property Trust, another lender in the sector, has greatly decreased its appetite for new lending in recent quarters, securities filings show . . ....
...AGNC Investment Corp has $51.7bn, The Starwood Property Trust manages $28.3bn, Rithm Capital has $32bn, and the Blackstone Mortgage Trust another $26.8bn....
...One of the most high-profile cyber incidents in recent times was the breach of Starwood’s database in 2014, before the group was bought by Marriott, the world’s largest hotel chain....
...Days later, the company announced the sale to Blackstone which was partnering with Starwood....
...The private equity group has teamed up with Starwood Capital, sometime creator of Starwood Hotels, to acquire the mid-priced hotel chain....
...He held several positions at Marriott before taking the top job, where he oversaw the group’s $13.6bn acquisition of Starwood Hotels & Resorts in 2016, making Marriott the largest hotel group in the world...
...Martin Bryant, 41, a technology journalist, has filed a collective action lawsuit on behalf of victims in England and Wales whose personal data was exposed after making bookings through the Starwood Hotels...
...The ICO said it believed the vulnerability began when the systems of the Starwood Hotels group were compromised in 2014....
...The ICO’s investigation found that “Marriott failed to undertake sufficient due diligence when it bought Starwood and should also have done more to secure its systems.”...
...Later that year, Starwood announced point-of-sale system security issues at 70 hotels in the US, with some compromised the year before....
...Meanwhile, UK property owner IWG gave up on sales talks with Terra Firma, TDR Capital and Starwood on Monday....
...It also has minority investments in Jana Partners, Silver Lake, Starwood, Vista Equity and Graham Capital....
...Meanwhile, UK property owner IWG gave up on sales talks with Terra Firma, TDR Capital and Starwood last week....
...Monday, IWG’s share price leapt 20 per cent when — just months after an unsuccessful £2.5bn offer from private equity groups Brookfield and Onyx — it confirmed new takeover approaches from three others: Starwood...
...The first sign that Mr Wu’s wings had been clipped was Anbang’s failed $14bn bid for Starwood....
...Starwood Hotels had $6bn of annual revenues when it was acquired last year by Marriott for $13.6bn. That is less than half Airbnb’s private valuation....
...Starwood announced a similar move in 2015 while Marriott spun off its timeshare business in 2011....
...Anbang grabbed headlines in March last year when it lead a $14bn campaign to gatecrash Marriott’s acquisition of Starwood Hotels & Resorts before abruptly abandoning the deal with little explanation....
...At the same time, Starwood Capital is pursuing a different form of “targeted expansion” globally....
...Mr Sorenson steered Marriott’s $14.6bn acquisition of Starwood Hotels & Resorts last year, a deal that transformed the group into the world’s largest hotel company by number of rooms....
...Read the FT’s insider account of how Anbang nearly landed Starwood here....
...Shares in Starwood are up 12.7 per cent so far this year, while Marriott is up 6.9 per cent. Starwood shares closed 0.5 per cent higher at $78.08....
...She sat on boards including those of The New York Times and Sears, taught at Northwestern University and served as interim president of Starwood Hotels. Yet her resignation lingered....
...The acquisition of Starwood has created a company that will operate or franchise more than 5,700 properties and 1.1m rooms worldwide....
...What will be interesting is how the Starwood brand plays into that,” she said. With the closing of the Starwood deal, Marriott is expected to top the list of largest hotels by room size....
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