Starwood, Fortress Co-Originate $285M Loan for Red Roof Inn Portfolio
GREENWICH, CT-Starwood Property Trust and Fortress Credit Corp., an affiliate of New York City-based Fortress Investment Group LLC, report they have co-originated a $285-million loan on a portfolio of 123 Red Roof Inn properties.
NEW YORK CITY—Formerly an SVP at the firm, the appointee boasts nearly 30 years of experience in the shopping center industry.
STAMFORD, CT—The founder of Land and Buildings, which owns 6.1% of the hotel REIT’s stock, voiced his concerns in a letter made public on Monday.
NEW YORK CITY—Arie Barendrecht, founder of the company behind a certification system for commercial buildings’ Internet connectivity, cites committee members’ “broad base of industry knowledge.”
Despite the reports in the press about dysfunction at the White House, and other reports that various major legislation is hung up in Congress, don’t…