Latest news with #BarrySternlicht
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
When it comes to hotel design, a few pot plants don't cut it any more
Biophilic design is the new catchword in hospitality, where buildings overflow with plants and sunlight, turning them into jungles of vines, palms and water features. Forget plush sofas, gilded mirrors and other artificial symbols of luxury and comfort; natural fabrics and materials, clustered vegetation and vertical gardens are the new luxury as architects weave the patterns and forms of nature into their designs, to strengthen guests' connection to the natural world and sense of wellness. The 1 Hotel group, which has 15 hotels (soon to be 20) in North America, Europe and the Asia-Pacific, is leading in terms of nature-based design and sustainability, with organic materials and greenery at the core of every hotel. 1 Hotels is a relatively new company, started by Barry Sternlicht, founder of Starwood Hotels and the buzzy W Hotels, who sees the new brand as a platform for change. 'I wanted to capture the beauty of nature in a hotel and commit to safeguarding it as best as I can, a responsibility that I believe we all share,' he says. The flagship hotel at Brooklyn Bridge opened in 2017. One of the latest additions is the new 1 Hotel Melbourne, which positions itself as a sustainable sanctuary with an indoor garden and plant-filled public spaces. At 1 Hotel in Mayfair, London, instead of a ritzy chandelier in the lobby, there's an amazing four-metre-diameter vegetal chandelier installation, Rainforest by Studio Patrick Nadeau, which is covered with 50,000 strands of Spanish moss. I've just been in Singapore, where biophilia has really taken root, quite literally. Famously dubbed the 'garden city' in the 1960s by the country's founding father and former prime minister Lee Kuan Yew, it's long been a leading example of how greenery can be brilliantly integrated into urban spaces. At Gardens by the Bay, landscape design includes lakes, two conservatories with separate biodomes and a forest of 18 Supertrees that serve as vertical gardens, observatories and engines for essential shading and water collection.
The Age
6 days ago
- Business
- The Age
When it comes to hotel design, a few pot plants don't cut it any more
Biophilic design is the new catchword in hospitality, where buildings overflow with plants and sunlight, turning them into jungles of vines, palms and water features. Forget plush sofas, gilded mirrors and other artificial symbols of luxury and comfort; natural fabrics and materials, clustered vegetation and vertical gardens are the new luxury as architects weave the patterns and forms of nature into their designs, to strengthen guests' connection to the natural world and sense of wellness. The 1 Hotel group, which has 15 hotels (soon to be 20) in North America, Europe and the Asia-Pacific, is leading in terms of nature-based design and sustainability, with organic materials and greenery at the core of every hotel. 1 Hotels is a relatively new company, started by Barry Sternlicht, founder of Starwood Hotels and the buzzy W Hotels, who sees the new brand as a platform for change. 'I wanted to capture the beauty of nature in a hotel and commit to safeguarding it as best as I can, a responsibility that I believe we all share,' he says. The flagship hotel at Brooklyn Bridge opened in 2017. One of the latest additions is the new 1 Hotel Melbourne, which positions itself as a sustainable sanctuary with an indoor garden and plant-filled public spaces. At 1 Hotel in Mayfair, London, instead of a ritzy chandelier in the lobby, there's an amazing four-metre-diameter vegetal chandelier installation, Rainforest by Studio Patrick Nadeau, which is covered with 50,000 strands of Spanish moss. I've just been in Singapore, where biophilia has really taken root, quite literally. Famously dubbed the 'garden city' in the 1960s by the country's founding father and former prime minister Lee Kuan Yew, it's long been a leading example of how greenery can be brilliantly integrated into urban spaces. At Gardens by the Bay, landscape design includes lakes, two conservatories with separate biodomes and a forest of 18 Supertrees that serve as vertical gardens, observatories and engines for essential shading and water collection.
Yahoo
18-07-2025
- Business
- Yahoo
Starwood Property (STWD) Falls on $2.2-Billion Acquisition of Fundamental Income
We recently published . Starwood Property Trust, Inc. (NYSE:STWD) is one of the worst-performing companies on Thursday. Starwood Property declined by 5.47 percent on Thursday to end at $19.71 apiece as investors shunned news that it was acquiring a net-lease firm for $2.2 billion. In a statement, Starwood Property Trust, Inc. (NYSE:STWD) said it entered into a definitive agreement to acquire Fundamental Income Properties, LLC from Brookfield Asset Management. Fundamental Income operates a vertically integrated net lease real estate investment business, with 467 properties across its portfolio spanning 12 million square feet across 44 states, 56 industries, and 92 tenants. 'When we went public in 2009, we said we would create a diversified company around the areas of expertise of our Manager, Starwood Capital. With the addition of another business cylinder, we are expanding into another proven, scalable segment with strong synergies with our platform. Our core commercial real estate lending business is now approximately half of our asset base as we have strategically expanded into complementary lending and investing verticals,' said Barry Sternlicht, Chairman and CEO of Starwood Property Trust, Inc. (NYSE:STWD). A sky high view of the corporate headquarters indicating the large scale of the company. Following the acquisition, the company announced the distribution of dividends worth $0.48 per share for shareholders as of September 30 record date. The dividends will be payable on October 15, 2025. While we acknowledge the potential of STWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Business Times
16-07-2025
- Business
- Business Times
Starwood strikes US$2.2 billion real estate deal with Brookfield
[NEW YORK] Starwood Property Trust agreed to acquire Fundamental Income Properties for US$2.2 billion as chief executive officer Barry Sternlicht aims to further diversify the company's revenue. It's acquiring Fundamental's operating platform and real estate portfolio from Brookfield Asset Management, according to a statement on Wednesday (Jul 16). The deal includes 12 million square feet (1.11 million square metres) of space across 467 properties, with tenants spanning food production, auto services and retail industries. Fundamental specialises in net lease real estate investments, in which tenants pay property expenses such as taxes, insurance and maintenance in addition to rent. The model can generate steady income while limiting management duties. 'The acquisition of Fundamental marks the next evolution, but not the last, of our platform,' Sternlicht said in the statement. 'While we have strong experience in the net lease sector, the scale and infrastructure of Fundamental provide us with the opportunity to significantly grow in this attractive asset class using our combined expertise.' Starwood will assume Fundmental's existing financing facilities of US$1.3 billion when the transaction is completed, according to the statement. That's expected to happen later this month. Shares of Starwood slid 3.3 per cent to US$20.16 in extended trading at 4.38 pm in New York. The stock had gained 10 per cent this year through the close of regular trading. BLOOMBERG
Bloomberg
16-07-2025
- Business
- Bloomberg
Starwood Strikes $2.2 Billion Real Estate Deal With Brookfield
Starwood Property Trust agreed to acquire Fundamental Income Properties for $2.2 billion as Chief Executive Officer Barry Sternlicht aims to further diversify the company's revenue. It's acquiring Fundamental's operating platform and real estate portfolio from Brookfield Asset Management, according to a statement Wednesday. The deal includes 12 million square feet (1.11 million square meters) of space across 467 properties, with tenants spanning food production, auto services and retail industries.
