• Starwood wins De Vere Venues

Starwood Capital has acquired the De Vere Venues business for GBP232m. The deal gives Starwood 23 owned and leased properties with 2,433 bedrooms and nine management and franchise contracts.

The purchase has been supported by GBP140m of funds from RBS and Barclays. Added to its acquisition of the Principal Hayley group, and Four Pillars hotel company, Starwood has invested GBP700m in the UK hospitality sector over the last 13 months.
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