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Starwood Capital – Sale of hotel portfolio in UK

The Miami-based private equity real estate firm, Starwood Capital, has sold a 14-hotel portfolio in UK to the Paris-based REIT, Foncière des Régions, for £830 million ($1,1 billion; €948 million). The 2,638-room portfolio which is part of the Principal Hotel Company, is located across the UK, with properties in London, Manchester, Edinburg, Glasgow, Oxford, York and Leeds.