Anbang Insurance Group Co., is on track to complete its $6.5 billion purchase of Strategic Hotels & Resorts Inc.
One of the private equity firm’s more recent portfolio transactions could offer a roadmap to Blackstone to generating returns from $6-billion buy of Strategic Hotels.
Hunter Hotel Advisors represented Pinnacle Hotel Management (PHM) in the sale of a 15-hotel, select-service portfolio.
The global head of real estate of Blackstone Group and the chairman and CEO of Starwood Capital Group took to the stage at the NYU International Hospitality Industry Investment Conference.
Investment group Blackstone and Malaysia’s CIMB Bank will invest in three Sentosa Cove properties in Singapore owned by City Developments (CDL).
Blackstone is showing interest in 47 extended-stay Residence Inn and Homewood Suites properties, which could have a price tag as high as $800 million.
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