Neil Jacobs Joins Starwood Capital Group to Oversee Its Global Hotel Operations

Wed Jan 16, 2008 8:07am EST

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GREENWICH, Conn., Jan. 16 /PRNewswire/ -- Starwood Capital Group, a
leading real estate private investment firm, said today it has hired Neil B.
Jacobs as President of Global Hotel Operations. His portfolio will include the
recently announced Baccarat Hotels and Resorts, 1 Hotels and Residences and
Crillon Hotels brands.  He joins the company after 14 years with Four Seasons
Hotels & Resorts where he most recently served as Senior Vice President Asia
Pacific, overseeing 17 hotels in the region with an additional 10 properties
under development.
    "With last week's announcement of the new Baccarat Anguilla Resort &
Residences joining the Baccarat Wailea, Hawaii, and more than two dozen other
active projects in our global pipeline, we are entering an exciting period in
the development of our hotel brands.  We are delighted to have someone with
Neil's experience and credibility overseeing our hotel operations," said Mr.
Sternlicht, Chairman and CEO of Starwood Capital Group. "Neil led Four
Seasons' expansion into Asia where he developed, managed and operated luxury
destination resorts and urban hotels.  He is a perfect fit for our aspirations
to offer travelers the ultimate experience in the world's best designed
properties in the most desirable locations."
    "I am excited to be joining Starwood Capital, and particularly to be
working alongside Barry Sternlicht at such an important time in the company's
history," Mr. Jacobs said. "Under Barry's leadership, Starwood Capital
continues to break new ground in the hospitality industry with its innovative
concepts currently in development.  We now, have the opportunity to help
redefine the luxury hotel and living segments as we unveil several new brands
over the next several years. I am eager to add my experience and point of view
to that effort."
Mr. Jacobs will be based at Starwood Capital's Greenwich, CT headquarters
and report directly to company Chairman and CEO Barry Sternlicht.  The
Concorde brands, an imposing collection of marquis assets led by the Concorde
Lafayette, the Concorde Berlin, the Concorde Marseilles as well as the Hotel
Lutetia, the Hotel Martinez and the Hotel du Louvre, will continue to be
operated and headquartered in Paris, France.  It is anticipated that the new
brands will utilize the strong technology backbone of the Concorde Group and
its parent, Louvre Hotels.
    About Starwood Capital Group Global, LLC
    Starwood Capital Group Global, LLC is a privately-held global real estate
investment firm based in Greenwich, CT (with its predecessor Starwood
affiliates "Starwood").  Founded in 1991, Starwood specializes in the creation
and acquisition of real estate-related investments on behalf of commingled
investment vehicles that are sponsored and created by Starwood or its
affiliated entities.  Such real estate-related investments include residential
and commercial land development, multifamily, hotel, office, retail, mixed-
use, industrial, health clubs, golf and mezzanine debt. Starwood's clients
include public and private retirement programs, university endowments,
foundations, international and high net worth investors. During the past
sixteen years Starwood and its affiliates have invested approximately $6
billion of equity capital in transactions representing over $30 billion of
asset value.
    Starwood has created a new luxury hotel management company which will
manage its Crillon, Baccarat and 1 luxury hotel brands and expansion.
Starwood has announced the development of the Baccarat Hotel and Residences at
Temenos, Anguilla and Baccarat Wailea, located on the island of Maui in
Hawaii, as well as 1 hotel projects in New York, Seattle, Washington DC and
Scottsdale.
    Starwood has led the formation and/or growth of several market leading
companies including Groupe Taittinger and Societe du Louvre, Europe's second
largest hotel network; iStar Financial, the leading publicly traded finance
company specializing in commercial real estate mortgage, mezzanine and net
lease financing; Starwood Hotels & Resorts Worldwide, a leading global
owner/operator of hotels, Westin Hotels & Resorts which was merged into
Starwood Hotels & Resorts Worldwide in January 1998; Equity Residential
Properties Trust, one of the premier US multifamily REITs; and National Golf
Properties/American Golf Corporation, the largest owner/operator of golf
courses and related facilities in the U.S., who, together with its private
sister company, owned, leased or managed 255 golf courses.
SOURCE  Starwood Capital Group Global, LLC

Media, Laura O'Hare of HL Group, +1-212-529-5533, for Starwood Capital Group
Global, LLC
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