Blackstone, Starwood Capital Team Up in $6 Billion Purchase of Extended Stay

By Carter Davis on March 24, 2021 News for Hoteliers, News from Around the Web

Source: Wall Street Journal
Updated March 15, 2021
By Peter Grant and Craig Karmin

Extended Stay America Inc. was recently purchased for $6 billion through a partnership between Blackstone Group Inc. and Starwood Capital Group, which marks the largest sale in the sale during the COVID-19 pandemic for the hotel sector.

Read the full article here.

Previous ArticleIndustry of Inclusion – Universities and Organizations Can Bring Diversity to Hospitality Leadership

Next Article U.S. Hotel Results for Week Ending 13 March

Comments are closed.

Sponsored content
- April 6, 2022 0 Whitepaper: Enhance the guest experience with new entertainment technology
HD Expo 2024
Today’s Hotelier – Current Issue
2023 MarCom Award Winner
Today’s Hotelier Twitter Feed
Tweets by TodaysHotelier
representing america’s hotel owners

Today’s Hotelier is the trusted monthly magazine exclusively serving hoteliers, brought to you by AAHOA, the organization representing the voice of America’s hotel owners.

“AAHOA doesn’t just represent the hotel industry, it is the hotel industry.” -Glenn Haussman

To learn more about advertising with us, contact Advertising Director Chris Zabel at [email protected].

Want to get published? Reach out to the managing editor of Today’s Hotelier at
[email protected] to learn more.
Features from the magazine
- April 12, 2024 0 Go behind the scenes
- April 11, 2024 0 Harnessing the power of the AAHOA network
- April 10, 2024 0 Pulse check
- April 4, 2024 0 Reversing the addiction crisis
- March 19, 2024 0 New opportunities

Related Posts

Julie Arrowsmith, G6 Hospitality’s President and Chief Financial Officer, Appointed President and Interim Chief Executive Officer of G6

Abba Hotels installs 1,000 Philips MediaSuite hospitality TVs as part of major in-room upgrade program

STR: U.S. hotel results for week ending 22 May