Starwood Capital goes skiing

13 October 2005
Starwood Capital goes skiing

Starwood Capital, the investment arm of property mogul Barry Sternlicht, has completed a $365m (£207m) deal to buy the Mammoth Mountain Ski Area in north California.

Starwood will upgrade the 4,000-acre ski resort, which consists of motels, condos and small malls, into a combination of mixed-brand boutique and large hotels, hip restaurants and new residential and entertainment experiences over five years.

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