Latest news with #BarrySternlicht
Yahoo
24-06-2025
- Business
- Yahoo
STWD Q1 Deep Dive: Loan Growth and Asset Resolutions Amid Changing Market Conditions
Commercial real estate lender Starwood Property Trust (NYSE:STWD) reported Q1 CY2025 results beating Wall Street's revenue expectations , but sales fell by 16.9% year on year to $170.3 million. Its non-GAAP profit of $0.45 per share was in line with analysts' consensus estimates. Is now the time to buy STWD? Find out in our full research report (it's free). Revenue: $170.3 million vs analyst estimates of $134.7 million (16.9% year-on-year decline, 26.4% beat) Adjusted EPS: $0.45 vs analyst estimates of $0.45 (in line) Market Capitalization: $6.87 billion Starwood Property Trust's first quarter results were marked by a significant year-over-year decline in revenue, yet the company exceeded market expectations on the top line and reported non-GAAP earnings per share in line with analyst forecasts. Management attributed the quarter's performance to a surge in new investment activity—particularly in commercial and infrastructure lending—alongside progress in resolving non-performing loans. CFO Rina Paniry highlighted that loan originations and asset resolutions occurred late in the quarter, so their full earnings impact will be realized in future periods. CEO Barry Sternlicht described the company's position as 'through the worst of it,' emphasizing the resilience of Starwood's balance sheet and the recovery in transaction volumes across its lending segments. Looking ahead, management sees opportunities for continued balance sheet growth, supported by what they describe as one of the strongest origination environments in recent years and a robust pipeline in both the U.S. and Europe. President Jeff DiModica stated, 'The opportunity set should be large,' referencing favorable capital markets access and declining competition from banks. The company also expects ongoing resolutions of non-performing loans to unlock capital for reinvestment, while Sternlicht noted that lower interest rates—should they materialize—could accelerate asset recoveries and support earnings. Management remains cautious about macroeconomic headwinds and the timing of loan closings, but is focused on disciplined growth and maintaining liquidity. Management pointed to a combination of strong loan origination, active asset management, and shifts in capital markets as key drivers in the quarter. Late-quarter activity delayed recognition of new income, setting up future periods for potential improvement. Loan origination rebound: The company experienced its highest level of new investments in nearly three years, with $2.3 billion committed in the quarter. Infrastructure lending saw record capital deployment since the GE acquisition in 2018. Many originations occurred late in the quarter, so their income contribution will be realized in subsequent periods. Non-performing loan resolutions: Management resolved $230 million across three assets at or above carrying value, including a nonaccrual hospitality loan and two foreclosed properties. These actions reduced reserves and are expected to support future earnings as capital is recycled into new investments. Affordable housing portfolio growth: Rent increases in the Florida affordable multifamily portfolio were set 8.4% higher year-over-year, though some increments are deferred due to regulatory caps. CEO Barry Sternlicht characterized this segment as a 'hidden source of value' due to consistent occupancy and potential for future rent growth as regulatory restrictions expire. Shift in lending focus: The company is emphasizing data centers, European multifamily, and U.S. multifamily loans, with 70% of Q1 originations in data centers leased to investment-grade tenants. Management highlighted the strategic importance of diversifying both geographically and by asset type. Capital structure and liquidity: Starwood completed $500 million in sustainability note issuance and extended its average corporate debt maturity. Management stressed the company's 'fortress balance sheet,' with $1.5 billion in current liquidity and significant unencumbered assets available to support future lending and operational flexibility. Starwood's outlook centers on leveraging its capital position, asset resolution activity, and exposure to targeted lending segments amid a shifting economic environment. Active asset recycling: Management expects the pace of non-performing loan resolutions to accelerate, freeing up reserves and capital for redeployment into new originations. Sternlicht said, 'At some point, we're going to be able to harvest that capital and put it back to work.' Origination pipeline strength: The company anticipates continued elevated lending activity in data centers, European and U.S. multifamily, and infrastructure segments. DiModica noted that a robust pipeline and limited competition from banks position Starwood to grow its balance sheet, though loan closing timing may impact near-term earnings. Market and macro risks: Management acknowledged uncertainty around economic growth, interest rates, and regulatory changes. Sternlicht cautioned that while the company is well positioned, 'The road is not paved with gold. There are bumps.' The company is closely monitoring supply-demand dynamics in key property sectors and remains disciplined about growth and risk management. In future quarters, our team will be watching (1) the pace and success of non-performing asset resolutions and the resulting capital redeployment, (2) progress in growing the commercial and infrastructure loan portfolios, especially in data centers and multifamily segments, and (3) the impact of macroeconomic shifts—such as interest rate changes—on origination activity and asset performance. Execution on these priorities will be key to Starwood's earnings trajectory. Starwood Property Trust currently trades at $20.24, up from $19.05 just before the earnings. Is there an opportunity in the stock?The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
1 Hotels launches new property in Australia's Melbourne
Starwood Hotels-operated luxury lifestyle brand 1 Hotels has expanded its presence with the launch of a new property in Melbourne, Australia. Situated along 220m of the Yarra River frontage in the revitalised North Wharf precinct, the property is established in collaboration with Riverlee. The property offers 277 guest rooms, encompassing 36 suites, featuring sustainable materials and energy-efficient technologies. Guest rooms are equipped with smart thermostats, energy-saving switches, and low-VOC materials while the walls are curated from discarded railway sleepers from New South Wales and Victoria. 1 Hotels founder and Starwood Hotels chairman Barry Sternlicht said: "The opening of 1 Hotel Melbourne marks a powerful moment for our brand as we expand in the Asia Pacific region. "As we grow our global footprint, we're focused on markets that reflect our values—places where nature, culture, and innovation converge in meaningful ways." The property also includes 114 hotel-branded homes, providing residents with private dinners, in-residence spa treatments, a private outdoor terrace and communal spaces with views. The 18th-floor penthouse is designed by Clement Lee OAM, founder of Melbourne-based Riverlee, in partnership with Fender Katsalidis. The hotel's design pays homage to the historic Seafarers Wharf. The hotel also provides more than 1,000m² of flexible event space, including the riverside Seafarers Event Space that can house up to 900 guests. Developed in collaboration with Carole Bamford, the Bamford Wellness Spa features a wellness area with an indoor pool and a fitness centre called The Field House Gym. The hotel aims to garner LEED Silver certification, featuring a 50kW solar array and a rainwater harvesting system. Additional eco-friendly features include shower timers and operable windows in 85% of the rooms. The opening of the Melbourne property follows the launch of 1 Hotel Mayfair in the UK, in November 2023, the brand's first European property, developed in collaboration with Crosstree Real Estate Partners. "1 Hotels launches new property in Australia's Melbourne" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
18-06-2025
- Business
- Korea Herald
1 Hotel Melbourne is Now Open
Redefining sustainable luxury in Australia's cultural capital with a landmark debut MELBOURNE, Australia, June 19, 2025 /PRNewswire/ -- 1 Hotels, the mission-driven luxury lifestyle brand founded by hospitality visionary Barry Sternlicht, proudly announces the official opening of 1 Hotel Melbourne. This nature-inspired property marks the brand's long-anticipated debut in Australia, redefining the future of luxury hospitality in the heart of one of the world's most forward-thinking cities. Developed in partnership with Melbourne-based Riverlee, the hotel is set along 220 meters of uninterrupted Yarra River frontage in the revitalized North Wharf precinct. The building is a celebration of Melbourne's storied past and a blueprint for a more sustainable future, brought to life through biophilic design principles and a commitment to living in harmony with nature. The architectural centerpiece of the project is the restored Goods Shed No. 5, Melbourne's last remaining heritage goods shed from the city's shipping heyday. The hotel is also designed to foster connection, creativity, and community, buzzing from day to night with chef-led dining, wellness experiences, and a dynamic lineup of Happenings—from sound baths and DJ sets to zero-waste cocktail workshops. "The opening of 1 Hotel Melbourne marks a powerful moment for our brand as we expand in the Asia Pacific region," says Barry Sternlicht, 1 Hotels Founder and Chairman of Starwood Hotels. "As we grow our global footprint, we're focused on markets that reflect our values—places where nature, culture, and innovation converge in meaningful ways. Melbourne is a city that not only understands the importance of sustainability, it celebrates it." "At 1 Hotels, we've always believed that true luxury is rooted in purpose, impact, and authentic experiences," said Raul Leal, CEO of Starwood Hotels. "1 Hotel Melbourne brings sustainability and style into harmony, with a focus on wellness, local connection, and day-to-night programming that creates a tangible sense of place. From the moment you arrive, you feel like you're part of the city." "Through our partnership with 1 Hotels, we have reimagined this heritage waterfront site into a sustainable luxury destination that honors Melbourne's maritime past while setting new benchmarks for environmental stewardship," says David Lee, Development Director at Riverlee. "This project perfectly embodies Riverlee's commitment to creating visionary developments that respect our city's past while building for its future." Design Shaped by Nature and History 1 Hotel Melbourne's design narrative is anchored in the brand's nature-first ethos and commitment to biophilic design—an approach that taps into the untamed landscapes of Victoria, from the rugged cliffs of the Great Ocean Road to the lush canopies of the Dandenong Ranges. Here, nature isn't an escape from the city—it's a dialogue with it, creating an urban sanctuary that blurs the boundary between built and natural environments, with a deep and immersive sense of place. At the heart of the design is the site itself: the historic Seafarers wharf, in continuous use since 1855. Its centerpiece is the heritage-listed Goods Shed No. 5. Originally built in 1895, the shed was once a vital part of Melbourne's maritime economy, processing massive amounts of cargo before falling into disuse in the 1970s. More than 2,000 original elements have been salvaged, catalogued, and reincorporated, including bluestone pavers, steel trusses, timber doors, and window frames. The adjacent Malcolm Moore crane, a 1942 industrial relic and the last of its kind in Victoria, has been restored and repositioned as a sculptural tribute to the area's shipping past. From the moment guests enter 1 Hotel Melbourne's soaring lobby—anchored by a dramatic rock wall constructed from split-faced granite, an industrial by-product that echoes Victoria's coastal geology—they are immersed in a story of regeneration and renewal. Reclaimed timber is a defining feature, with more than 4,500 square meters (the equivalent of 18 tennis courts) used in the hotel. The reception desk is made with repurposed elm trees from Melbourne's Metro Tunnel works. In the lounge, decommissioned railway bridges were transformed into a sweeping staircase. And in the signature restaurant, From Here by Mike, the original support beams from the Goods Shed have been repurposed as dramatic portals. Throughout the property, more than 7,000 plants bring Victoria's biodiversity indoors, reinforcing the hotel's biophilic approach. The hotel features 277 tranquil guest rooms, including 36 suites. Floor-to-ceiling windows frame skyline or Yarra River views. Guest rooms feature walls made from discarded railway sleepers across Victoria and New South Wales. Guest room door numbers are displayed on reclaimed timber panels crafted from original subaquatic piers salvaged during the site's wharf restoration, featuring distinctive marine worm markings and accented with preserved moss above and below. Smart thermostats, energy-saving switches, and low-VOC materials reinforce the hotel's light-touch approach. In addition to the rooms and suites, 1 Hotel Melbourne offers 114 hotel-branded homes. Residents in these luxury, waterfront homes will enjoy exclusive services such as chef-catered private dinners and in-residence spa treatments. The crowning jewel is the 18th floor penthouse designed by Riverlee founder Clement Lee OAM, in collaboration with Fender Katsalidis. Residents have access to a private outdoor terrace, lounge, library, and dining space with sweeping views of the river and the skyline. The debut of 1 Hotel Melbourne also marks the launch of Regeneration: The Art of Renewal, a site-specific art program curated for the property by One Design Office in collaboration with DarkLab, a subsidiary of the Museum of Old and New Art (MONA). Works have been commissioned from Vanessa Barragão, Jamie North, and Indigenous Australian artists Naminapu Maymuru-White and Yhonnie Scarce. The collection brings together Indigenous and contemporary perspectives on resilience, culture, and environmental healing through reclaimed and natural materials. From suspended glass eel forms to towering plant-infused concrete sculptures, it's a sensory journey. Dining and Celebrations, Reimagined 1 Hotel Melbourne's food and beverage experiences are guided by the same philosophy that defines the property itself. Every detail—from the sourcing of ingredients to the design of the spaces—has been carefully considered to nourish guests and respect the planet. From Here by Mike, the signature restaurant, marks the first hotel collaboration for renowned Australian chef Mike McEnearney, the force behind the acclaimed Sydney restaurant Kitchen by Mike and the author of two celebrated cookbooks. Known for his produce-driven cooking, low-waste approach, and menus that champion hyper-local sourcing, McEnearney has built a reputation for food that connects people and place. From Here by Mike's dishes are designed for sharing and range from Freshly Shucked Oysters with Pickled Daikon & Finger Lime Vinaigrette to Twice Baked Goat's Cheese Soufflé with Rosemary Cream. The beverage program includes a 40% local wine list with biodynamic selections and cocktails built around repurposed ingredients. The space itself is moody and textural—designed to reflect the raw beauty of the natural world. Additional venues at 1 Hotel Melbourne expand on the brand's approach to conscious hospitality. Crane Bar & Lounge serves up botanical cocktails made with locally distilled spirits and a soundtrack of live DJ sets. Neighbours Café is a light, plant-filled space for barista-made coffee, nutrient-dense meals, smoothies, and power-packed energy shots. And then there's Upstairs, a cocktail bar hidden away on the first floor that trades in word-of-mouth magic. It's the kind of speakeasy-style place you hear about from a friend, where artfully crafted cocktails, elevated bites, and spontaneous conversations create a night to remember. 1 Hotel Melbourne is also set to become a go-to destination for gatherings that are both beautiful and low-impact, with over 1,000 square meters of flexible event space. The riverside Seafarers Event Space accommodates up to 900 guests and features expansive river views and cutting-edge AV capabilities. Additional meeting suites—including a boardroom and lounge—can be used individually or combined for larger functions. Spaces have been designed using biophilic principles and daylighting strategies, with reclaimed materials and lush greenery. The thoughtful programming includes locally sourced catering menus and zero-waste event planning in collaboration with the in-house sustainability team. The Certified Sustainable Gatherings program ensures each event aligns with 1 Hotels' sustainable mission. Immersive by Nature 1 Hotel Melbourne's signature programming invites guests to connect deeply—with the city, with nature, and with themselves. The curated calendar of Happenings touches nearly every facet of the guest experience, from wellness and fitness to food, art, and culture. Days are filled with moments of movement and mindfulness—sunrise river runs, guided breathwork, tarot card readings, and experiences like a DIY salt-blending workshop. In the evening, the energy shifts with full moon sound healing sessions, seasonal tastings, wine and cheese pairings, and cocktail events that spotlight local makers and ingredients. The calendar evolves with the seasons, from Wellness Month in August to Melbourne Fashion Week in October. Much of the programming is co-created with local talent—from chefs and herbalists to musicians and artists—ensuring a constantly evolving lineup that feels authentically Melbourne. It's all part of the brand's vision to make 1 Hotel Melbourne a true gathering place that's as welcoming to locals as it is to travelers. Wellness is woven into every element of the 1 Hotel Melbourne experience. At the heart of the offering is Bamford Wellness Spa, created in partnership with Carole Bamford, a pioneer in organic, sustainable, and holistic living. The spa offers a range of all-natural treatments, as well as a stunning wellness area with an indoor pool, sauna, steam room, and a Jacuzzi-style spa. Guests also have access to The Field House Gym, a state-of-the-art fitness center outfitted with cutting-edge equipment, personal trainers, and a variety of movement and mindfulness experiences including yoga and meditation. The gym features locally sourced timber, Troldtekt acoustic panels made from certified wood, and Danish cement—materials selected for durability, performance, and low environmental impact. Sustainability that Goes Beyond the Surface At 1 Hotel Melbourne, sustainability is the foundation that guides every aspect of the property—not just within operational systems, but with the guest experience. While the hotel is on track to achieve LEED Silver certification with efficient systems like a 50kW solar array and 50kl rainwater harvesting, what makes this property unique is how sustainability becomes experiential. Guided by nature, guests are immersed in greenery, texture, and tone that celebrate Melbourne and create an urban sanctuary where the city feels like an island retreat. Thoughtful details like shower timers and operable windows in 85% of the rooms make mindful living effortless, without compromise. The sustainable ethos continues outside. The adjacent Seafarers Rest Park offers 3,500 square meters of native-planted green space. Created in accordance with the Yarra River Protection Principles, the park enhances biodiversity and public access to the waterfront while honoring the site's maritime history. It's part of a broader vision to make the North Wharf precinct a more livable, walkable, and inclusive destination. 1 Hotel Melbourne also invites guests to explore the city mindfully: The property is just steps from iconic arts, culture, and sporting venues and has direct access to Melbourne's free tram line. For guests who want to explore by car, the Audi Electric Vehicle Experience takes them around in a complimentary fully electric Audi Q6 e-tron. A New Kind of Stay 1 Hotel Melbourne is built on the idea that where you stay should reflect how you want to live: with style and purpose. It's not just about checking in, it's about tuning in to the city, to nature, and to what truly matters. For more information, visit or follow @ ABOUT 1 HOTELS As a mission-driven luxury lifestyle hotel brand inspired by nature, 1 Hotels cultivates the best of sustainable design and architecture, together with extraordinary comfort and an unrivaled level of service. With properties among some of the first to receive the prestigious MICHELIN Key distinction, 1 Hotels is inspired by a simple idea: those who travel the world should also care about it. It is, after all, 1 world. 1 Hotels launched in 2015 with the opening of exclusive properties in Miami's South Beach and Manhattan's Central Park, followed by Brooklyn, located on the East River in February 2017; West Hollywood on Sunset Boulevard in June 2019; Sanya (China) in 2020; Toronto in 2021; San Francisco and Nashville in 2022; in 2023, the Hanalei Bay (Kauai) flagship property and Mayfair (London), the brand's first European property; and Seattle and Melbourne (Australia) in 2025. The brand is expanding with properties under development in Cabo San Lucas (Mexico), Paris, Elounda Hills (Crete), Austin (Texas), Copenhagen, Riyadh (Saudi Arabia), and San Miguel de Allende (Mexico). Additional information can be found at ABOUT STARWOOD HOTELS Starwood Hotels, an affiliate of global private investment firm Starwood Capital Group, is a sustainable hotel brand management company that operates 1 Hotels, a nature-inspired lifestyle brand that launched in 2015 with properties in South Beach (Miami) and Manhattan and now includes Brooklyn Bridge (New York City), West Hollywood (Los Angeles), Sanya (China), Toronto, San Francisco, Nashville, the Hanalei Bay (Kauai) flagship property, the brand's first European property in Mayfair (London), Seattle, and Melbourne (Australia), with projects in development in Cabo San Lucas (Mexico), Paris, Elounda Hills (Crete), Austin (Texas), Copenhagen, Riyadh (Saudi Arabia), and San Miguel de Allende (Mexico); Baccarat Hotels & Resorts, a luxury brand that made its debut in March 2015 with the opening of its flagship property in New York, with projects under development in Rome, Florence, Dubai, Riyadh (Saudi Arabia), Brickell (Miami), and Maldives; and Treehouse Hotels, which premiered in London in 2019 and now includes Manchester (UK) and Silicon Valley (California), with projects under development in Brickell (Miami), Adelaide (Australia), and Riyadh (Saudi Arabia). Leveraging its marketing, design, operational and technological expertise, Starwood Hotels is the force behind some of the most groundbreaking and dynamic hotel brands in the world. Additional information can be found at ABOUT RIVERLEE Riverlee is a Melbourne based, privately owned property group specializing in development and asset ownership and management across the commercial, residential, and retail sectors. Established in 1993, Riverlee is known for delivering visionary projects that lead the industry, both creatively and commercially, while always honoring the region's heritage, environment, and community.
Bloomberg
09-06-2025
- Business
- Bloomberg
Starwood REIT Begins to Scale Back Its Steep Withdrawal Limits
A real estate fund managed by Barry Sternlicht's Starwood Capital is slowly lifting a cap on redemptions more than a year after it severely limited investors' ability to retrieve capital. Beginning this month, Starwood Real Estate Income Trust, or SREIT, will limit share repurchases to 0.5% of the fund's net asset value, according to a filing Monday. The fund will also increase quarterly redemptions to 1.5% of NAV in July. The new limits represent a small increase from previous caps of 0.33% per month and 1% per quarter.
CNBC
05-06-2025
- Business
- CNBC
Family office deals slow in May with bets on nuclear batteries and AI testers
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Starwood Capital's Barry Sternlicht made his multibillion-dollar fortune in real estate. Now he is betting on nuclear batteries through his family office, Jaws Ventures, joining a $50 million fundraise for Zeno Power in May. The startup's microwave-sized batteries provide years of energy in remote environments like deep space and the seabed by using heat from nuclear waste. The U.S. Department of Defense and NASA are customers. The Jaws investment comes as family offices have dialed back their dealmaking due to economic uncertainty, making 41 direct investments in May, down nearly 50% year over year, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. Nuclear energy, however, is set to gain steam with the private investment firms of the ultra-wealthy. Investing in nuclear energy is a way to tap into the artificial intelligence boom, as AI requires immense power. A UBS survey found in 2024 that 78% of family offices planned to invest in AI within the next two to three years. In February, nuclear reactor startup X-Energy garnered investment from Citadel CEO Ken Griffin, Laurene Powell Jobs' Emerson Collective and Pittco, the family office of AutoZone founder Joseph "Pitt" Hyde. Tech giants are increasingly turning to nuclear plants for energy, including Facebook's parent company Meta, which announced a 20-year deal to buy nuclear power from Constellation Energy on Tuesday. William Blair's Jed Dorsheimer told CNBC's Carl Quintanilla that this deal was the first of many to come. "I think you're going to start to see more of these deals," he said . "We have really suppressed the most energy dense technology, to our detriment. And I think that this is going to be coming back." President Donald Trump 's executive order in late May calling to speed reactor deployment and overhaul the Nuclear Regulatory Commission may also spur investment. Family offices are finding other ways to invest in the picks and shovels of AI. In May, Jeff Bezos' family office participated in a $155 million seed round for Atlas Data Storage, alongside Joby Pritzker's Tao Capital Partners. Atlas, newly spun out from Twist Bioscience, aims to store information more efficiently and at a lower cost with a DNA-style data storage system.
