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Blackstone, Starwood to buy 111 WoodSpring Suites properties: WSJ

Blackstone Inc. and Starwood Capital Group have agreed to acquire WoodSpring Suites, for about $1.5 billion, reported the Wall Street Journal.

Blackstone and Starwood Capital Group have agreed to acquire 111 properties under the WoodSpring Suites brand, for about $1.5 billion, the Wall Street Journal reported.  Brookfield Asset Management is the seller.

Source: WSJ

Correction: The earlier headline and version of this news report misstated the details of this joint deal. It has since been corrected.