Recently on Bloomberg TV, Barry Sternlicht, president and CEO of Starwood Capital declared he has committed up to $500 million to new hotel investment in India. Starwood Capital Group LLC would invest up to $500 million over the next 3 years to promote two of its newly announced brand Crillon Hotel and “1” Hotels and Residences. It will also promote its economy Campanile. According to Barry Sternlicht himself, Starwood is reportedly in talks to buy its first property for $50 million in Mumbai, India. The purchase is to be completed by the end of March 2007.Recently on Bloomberg TV, Barry Sternlicht, president and CEO of Starwood Capital declared he has committed up to $500 million to new hotel investment in India. Starwood Capital Group LLC would invest up to $500 million over the next 3 years to promote two of its newly announced brand Crillon Hotel and “1” Hotels and Residences. It will also promote its economy Campanile. According to Barry Sternlicht himself, Starwood is reportedly in talks to buy its first property for $50 million in Mumbai, India. The purchase is to be completed by the end of March 2007.
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