Barry Sternlicht’s Starwood Capital Group is staring down the barrel of another major commercial real estate default. A $265 million loan taken out in 2018 by a Starwood affiliate against a 22-property hotel portfolio has been shipped to special servicing as the landlord struggles to keep its head above water, according to public loan data. The commercial mortgage-backed securities debt was transferred into special servicer K-Star Asset Management’s control in January due to an “imminent monetary defaul ...