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Barry Sternlicht and Jim Coulter Back Kygo’s Palm Tree Crew at $150 Million Valuation
- Hospitality firm founded by Kygo plans to expand its business
- Other investors include Ripple Labs and Campus Apartments CEOs
Starwood Capital Group’s Barry Sternlicht and TPG Inc.’s Jim Coulter are among investors betting on Palm Tree Crew at a valuation of $150 million.
Palm Tree Crew, founded by Kyrre Gørvell-Dahll, a DJ better known as Kygo, and his manager, Myles Shear, will use the capital to expand and diversify its business, the Miami-based entertainment and hospitality company said Tuesday. It plans to open its first restaurant later this year.