A fund affiliated with Starwood Capital Group has acquired UK-based hotel owner and operator Four Pillars Hotels. The transaction includes a portfolio of five owned and leased hotels and one managed hotel comprising 863 rooms. Terms of the deal were not disclosed.
"Four Pillars offers high-quality, full-service, four-star hotels in superb locations," said Kevin Colket, SVP at Starwood Capital Group. "We look forward to building on the company's operational excellence and its longstanding client focus."
The portfolio's properties include:
Cotswold Water Park: A 328-room hotel located in the Cotswolds.
Tortworth Court: A 190-room, Grade II-listed Victorian mansion hotel surrounded by 30 acres of parkland.
Oxford Spires: A 174-room hotel located within a half-mile of Oxford's city center.
Oxford Thames: A newly expanded, 84-room hotel located in the countryside just three miles from Oxford.
Oxford Witney: A contemporary, 87-room hotel set near the town of Witney.
Oxford Abingdon: A 66-room hotel managed by Four Pillars located in the town of Abingdon-on-Thames.
Starwood Capital Group is a private, U.S.-based investment firm with a core focus on global real estate. Since the group's inception in 1991, the firm has raised approximately $23 billion of equity capital and acquired over $45 billion in assets. Starwood Capital Group currently has $32 billion of assets under management.