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Starwood Capital Buys Five-State Hotel Portfolio from Noble Investment Group for $229 Million

Global Property Investor Scoops Up More Than 1,000 Rooms as Capital Continues to Pour Into Hotels
The Residence Inn in Tampa, Florida was part of a big portfolio purchase by Starwood Capital. Photo: CoStar
The Residence Inn in Tampa, Florida was part of a big portfolio purchase by Starwood Capital. Photo: CoStar
CoStar News
January 18, 2019 | 12:31 AM

With freshly raised capital in hand, a real estate investment trust sponsored by global property investor Starwood Capital Group paid $229 million for a portfolio of eight hotels in Florida, Colorado, Arkansas, Tennessee and Ohio.

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