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Starwood faces default on $265M hotel portfolio loan
Summary by The Real Deal
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Starwood Grapples With Potential $265M Hotel Portfolio Default
Starwood Capital Group is battling a looming default on a hotel portfolio spanning nearly 3,000 keys across 12 states. A 2018 CMBS loan for a 22-property hotel portfolio was transferred to special servicer K-Star Asset Management in January for “imminent monetary default,” The Real Deal reported. The portfolio contains 2,943 doors across 12 states and 17 cities. The hotels are largely Marriott, Hilton and IHG-branded locations, concentrated i…
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