Starwood Capital Group and its associated entities, which have stakes in a portfolio of hotels including the 1 Hotels in Manhattan and Brooklyn, and the De Vere Portfolio in the United Kingdom, along with Jaws Mustang Acquisition Corp (NYSEA: JWSM), a special purpose acquisition company, have announced their intention to merge in a deal outlined in a preliminary letter of intent.

Starwood Capital Group announced the appointment of Raul Leal as Chief Executive Officer of SH Hotels & Resorts. Starwood Capital Group will begin his new role on August 19, 2021. Raul Leal joins SH Hotels & Resorts as it is …