The investment fund would be ready to sign an agreement with Clarion Partners for the takeover of 47 long-stay hotels for close to 800 million dollars.
Blackstone Group is in negotiations with Clarion Partners to take over a 47-property portfolio in the United States, according to Bloomberg. The transaction will involve close to 800 million dollars, or around 587 million euros.
The 47 properties in the portfolio are positioned on the long-stay segment and located in major destinations in the United States. Part of the portfolio is operated by Marriott International, under the Residence Inn brand, and the other by Hilton Worldwide group and its chain Homewood Suite.
With this new transaction underway, Blackstone continues to pursue investments on the long-stay hotel segment in the United States. The fund recently acquired a portfolio of 15 similar properties from the firm OTO Development LLC (read our article).
Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.
Sign up to add
topics
in favorite.
Sign up to add
categories
in favorite.
Sign up to add
content
in favorite.
Register for free to
vote
for the application.
Already signed up?Already signed up?Already signed up?Already registered?Login here!
Etats-Unis
47 currents job offers
