Starwood modifying portfolio debt. Starwood Capital Group plans to sell part of a 6,366-room limited-service and extended-stay hotel portfolio tied to a $577 million CMBS loan backed by 65 hotels in 21 states that was sent to special servicing last month, according to Bisnow. Starwood reportedly wants to modify the mortgage terms, which originated in 2017. S&P Global estimated last August that the portfolio's value, appraised at $956 million eight years ago, has dropped by more than half. The loan workout, which Bisnow said was divided and sold into more than a dozen CMBS trusts, is being handled by Starwood Property Trust subsidiary LNR Securities Holdings.