Keyword: Blackstone Group
Mirae Asset Financial Group is emerging as the top bidder to acquire 15 of the Chinese insurance giant's luxury hotels across the United States.
The hotel investment properties chief sees emerging trends on the horizon as investment patterns shift.
Blackstone Group has acquired three Marriott-branded hotels near Fort Lauderdale, Fla., from an affiliate of RLJ Lodging Trust for $43.2 million.
The NYC-based investment firm is reportedly in talks to sell a portfolio of Center Parcs Europe vacation resorts to German real-estate company Aroundtown SA.
After 20 years as an executive at La Quinta and a year after Wyndham Hotels & Resorts completed acquisition of the brand, Trivedi is on his own.
Blackstone Group could get some of its formerly owned hotels back if it is the highest bidder.
Hilton will continue to manage the 1,047-room Florida hotel under its Waldorf Astoria Hotels & Resorts brand.
Blackstone Mortgage Trust, a subsidiary of Blackstone Group, supplied three loans to Highgate totaling $247.57 million to acquire the New York hotel.
Major U.S. single-asset deals during the third quarter totaled approximately $6.4 billion with an average sale price of $419,000.
The loan will provide funding for the proposed merger, as well as financing to pay off outstanding debt owed by LaSalle, as well as other transaction closing costs.