ANGUILLA, CARIBBEAN ISLANDS-Starwood Capital Group is planning to gain control over the 166-key Viceroy resort on the Caribbean island of Anguilla by acquiring the resort's over $300 million loan from Citigroup Inc. for an undisclosed amount. It was earlier reported that Starwood Capital would give $105 million for the mortgage.
With this acquisition, resort owner Viceroy Hotels & Resorts will give up its equity stake. However, it will continue to operate the resort on a performance-contingent basis. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
