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Blackstone Buys Strategic Hotels for $6 Billion

Blackstone Buys Strategic Hotels for $6 Billion

CHICAGO—Strategic Hotels & Resorts, Inc. has announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII L.P., under which Blackstone will acquire all outstanding shares of common stock of Strategic Hotels & Resorts, ...

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Blackstone Potentially Buying Group of Hotels for $800M

Blackstone Group is close to an agreement to buy a group of select-service hotels from Clarion Partners LLC for about $800 million, according to this report from Bloomberg. The agreement would be for 47 extended-stay Residence Inn and Homewood Suites hotels, ...

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7 Tips from Blackstone’s Jonathan Gray

7 Tips from Blackstone’s Jonathan Gray

At the NYU International Hospitality Industry Investment Conference last week, Jonathan Gray, global head of real estate at Blackstone, discussed everything from the current economic environment and hot markets to the firm’s investment strategies and recent $1.73 billion acquisition of ...

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Hilton Hawaiian Village Waikiki Breaks Ground on New Tower

Hilton Hawaiian Village Waikiki Breaks Ground on New Tower

HONOLULU—Blackstone announced the development of a new 418-unit vacation ownership tower at Hilton Hawaiian Village Waikiki Beach Resort, creating more than 1,000 jobs. An official groundbreaking ceremony marked the construction launch of The Grand Islander by Hilton Grand Vacations Club, ...

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