The Blackstone Group has agreed to sell Extended Stay Hotels to the Lightstone Group for $8 billion. Blackstone will retain a 10% stake in Extended Stay, which it acquired in 2004 for approximately $3.13 billion (including $1.13 billion in assumed debt). www.blackstone.com www.lightstonegroup.com www.extendedstay.com
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.