Global private investment company Starwood Capital Group announced that it has acquired UK-based hotel operator Four Pillars Hotel. The financial terms of the deal, which was done through an unnamed Starwood affiliate fund, were undisclosed, according to Travel Daily News.
Included in the acquired portfolio are five owned and leased hotels. The transaction also includes an Oxfordshire-based hotel which is managed by Four Pillars. The said hotel has 863 rooms, the report detailed.
Kevin Colket, Starwood Capital Group's senior vice president, said of the acquisition: "Four Pillars offers high-quality, full-service, four-star hotels in superb locations. We look forward to building on the company's operational excellence and its longstanding client focus."
Also included in the property portfolio of Four Pillars are the 328-room Cotswolds Water Park hotel in Cotswolds, 190-room Victorian mansion Tolworth Court, 174-room Oxford Spires hotel near the Oxford city center, 84-room Oxford Thames hotel in the Oxford countryside, 87-room Oxford Witney hotel near the town of Witney, and the 66-room Oxford Abingdon hotel in the town of Abingdon-on-Thames, Travel Daily News reported.
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