Starwood Capital Group (“Starwood Capital”), a leading global private investment firm, and TMI Hospitality, Inc. has announced that Starwood Capital, through a controlled affiliate of Starwood Global Opportunity Fund X, has entered into an agreement to acquire all of the outstanding stock of TMI Hospitality from the TMI Hospitality Employee Stock Ownership Plan. Latham & Watkins LLP represents Starwood Capital Group in the transaction with a deal team consisting of partners Gary Axelrod in Chicago and Edward Sonnenschein in New York, with associates Jason Morelli and Megan Sindel in Chicago. Advice has also been provided by Chicago partners Robin Struve and Julie Marion on tax matters and New York partner Dara Denberg on finance matters.
Note to media: This is provided for your information; the lawyers cannot comment to media on this transaction at this time. The lead partners are highlighted if you need to confine your reporting to the deal leads.