Starwood Capital, the Stamford, Conn.-based real estate investment company that owns more than 100 hotels in the U.S., is possibly considering selling shares to investors, according to this report from Bloomberg News.
A person familiar with the matter told Bloomberg that Starwood CEO Barry Sternlicht has spoken to banks and may be considering sell a minority stake in an initial public offering.
A January statement from the company claims that Starwood has raised about $23 billion of equity since inception, and bought more than $45 billion in assets. The company has recently made news in the lodging industry by acquiring U.K. hotel owner and operator Four Pillars Hotels in January for an undisclosed amount and buying InTown Suites from Kimco Realty Corp. in July of last year for $735 million.
Sternlicht told Bloomberg Television in December was considering a stake sale to raise cash and finance new businesses.
