Starwood Capital Group is a private investment firm headquartered in Greenwich

Greenwich, Connecticut

Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2010 census, the town had a total population of 61,171. It is home to many hedge funds and other financial service companies. Greenwich is the southernmost and westernmost municipality in Connecticut and is 38+ minutes ...

, Connecticut

Connecticut

Connecticut is a state in the New England region of the northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, and the state of New York to the west and the south .Connecticut is named for the Connecticut River, the major U.S. river that approximately...

. 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.

In 2009 a consortium led by Starwood Capital bought 40% of the loan portfolio of Corus Bank, a failed company. In 2010 Starwood Capital Group lost an auction to buy Extended Stay Hotels

Extended Stay Hotels

Extended Stay Hotels is a privately owned hotel brand that operates in the extended stay hotel market. The company is headquartered in Spartanburg, South Carolina....

 to Centerbridge Partners

Centerbridge Partners

Centerbridge Partners is a private equity investment firm focused on leveraged buyouts and distressed securities.The firm manages in excess of $5.5 billion of investor commitments and is based in New York City with an additional office in London, UK....

. Starwood filed an objection against the sale to Centerbridge with the bankruptcy court in Manhattan.

On July 12, 2010, Riviera Holdings

Riviera Holdings

Riviera Holdings Corporation is a casino operator based in Winchester, Nevada. It owns two casinos, the Riviera on the Las Vegas Strip, and the Riviera Black Hawk in Black Hawk, Colorado.-History:...

, owners of the Riviera

Riviera (hotel and casino)

The Riviera is a hotel and casino located on the Las Vegas Strip in Winchester, Nevada. The hotel has over 2,100 rooms, many located in a 23-story tower. The casino has of gaming space.-History:...

 in Las Vegas

Las Vegas metropolitan area

The Las Vegas Valley is the heart of the Las Vegas-Paradise, NV MSA also known as the Las Vegas–Paradise–Henderson MSA which includes all of Clark County, Nevada, and is a metropolitan area in the southern part of the U.S. state of Nevada. The Valley is defined by the Las Vegas Valley landform, a ...

 and Black Hawk, Colorado

Black Hawk, Colorado

The historic City of Black Hawk is a Home Rule Municipality located in Gilpin County, Colorado, United States. The city population was 118 at U.S. Census 2000, making Black Hawk the least populous city in Colorado...

, filed a Chapter 11 bankruptcy petition in Las Vegas

Las Vegas metropolitan area

The Las Vegas Valley is the heart of the Las Vegas-Paradise, NV MSA also known as the Las Vegas–Paradise–Henderson MSA which includes all of Clark County, Nevada, and is a metropolitan area in the southern part of the U.S. state of Nevada. The Valley is defined by the Las Vegas Valley landform, a ...

together with a reorganization plan, under which secured lenders, led by Starwood Capital Group, would receive new debt and stock.

External links

• Starwood Capital Group