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