Starwood Capital Entities Sign Letter of Intent to Create a Publicly-Listed, Growth Oriented Hospitality Company Through Business Combination With Jaws Mustang Acquisition
Portfolio Pulse from Benzinga Newsdesk
Starwood Capital Entities and Jaws Mustang Acquisition Corp (JWSM) have signed a non-binding letter of intent for a potential business combination. This deal involves Starwood's portfolio of hotels, including 1 Hotels in Manhattan and Brooklyn, and the De Vere Portfolio in the UK. The combined entity aims to be a growth-oriented, publicly-listed hospitality company on a national securities exchange.
March 08, 2024 | 7:02 pm
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Jaws Mustang Acquisition Corp (JWSM) is entering a potential business combination with Starwood Capital Entities to form a growth-oriented, publicly-listed hospitality company.
The announcement of a potential business combination with Starwood Capital, a significant player in the hospitality industry, could lead to positive market sentiment towards JWSM. The merger's focus on growth and the public listing of the combined entity could attract investor interest, potentially driving up JWSM's stock price in the short term.
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IMPORTANCE 80
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