Starwood Capital to Buy Kimco Realty’s InTown Suites | bloomberg.com

Starwood Capital Group LLC, the real estate investment firm led by Barry Sternlicht, agreed to buy the InTown Suites extended-stay hotel chain from a Kimco Realty Corp. (KIM) venture for $735 million, including debt. The deal with the Starwood Distressed Opportunity Fund IX should be completed in the first half of next year, New Hyde Park, New York-based Kimco said in a statement today.