Blackstone to Acquire Hilton Hotels
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The Blackstone Group announced that it would buy Hilton Hotels for $26 billion, or $47.50 a share, a 40 percent premium over its closing price on Monday.
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Private equity firm Blackstone Group  won control of Equity Office Properties Trust  on  Wednesday after a majority of the top U.S. office landlord's  shareholders accepted Blackstone's cash bid of $23 billion, and  rival bidder Vornado Realty Trust  dropped out.
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Hyatt Corp. on Thursday said it agreed to buy AmeriSuites, an upscale limited-service hotel chain that it said would complement its full-service portfolio.
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Private equity firm Blackstone Group  is expected to name Host Hotels & Resorts Inc  chief executive Christopher Nassetta as president and CEO of its recently acquired Hilton Hotels Corp, the Wall Street Journal reported on Monday.
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The Blackstone Group officially took possession of about 12 million square feet of office property in the Boston area yesterday as it completed the nation's largest private real estate purchase ever, from Equity Office Properties Trust for $39 billion .
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Hyatt Corp. has agreed to buy the AmeriSuites hotel chain from affiliates of private equity firm The Blackstone Group, Hyatt said on Thursday.
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LONDON (CBS.MW) -- Hyatt Corp. said it will buy the 143-unit AmeriSuites hotel chain from The Blackstone Group for an undisclosed sum and will consolidate all of the Pritzker family&#39;s hospitality holdings into one company called Global Hyatt.
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U.S. private equity firm Blackstone Group said on Tuesday it would buy Hilton Hotels Corp. for about $26 billion cash, the richest deal in a series of recent private equity offers for hotel companies.
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The Motley Fool - On Monday, Equity Office Properties Trust (NYSE: EOP - News) announced that it had agreed to be acquired by The Blackstone Group in a transaction valued at approximately $36 billion. The terms of the agreement call for Blackstone to acquire all of the outstanding common stock of Equity Office at an 8.5% premium over its closing price on November 17, 2006.
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Vornado Realty Trust  said on Wednesday it has terminated its cash and stock proposal to acquire Equity Office Properties Trust , paving the way for private equity firm Blackstone Group to take over the top U.S. office landlord for $23 billion.
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Hilton Hotels Corp.  said on Friday it would sell its Scandic Hotel chain to private equity group EQT for about $1.1 billion as it seeks to reduce debt amid buoyant lodging valuations.
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Blackstone Group plans to sell some New York office buildings it is acquiring from Equity Office Properties Trust  to Macklowe Properties for about $7 billion, a source close to the deal said on Wednesday.
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Private equity firm Blackstone Group is buying the owner of Madame Tussauds waxworks museums for about 1 billion pounds ($1.9 billion) cash, creating the world's second-biggest theme park group behind Walt Disney Co.
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Hilton Group, the operator of Hilton hotels outside the United States, is selling about a dozen of its British hotels as it focuses on the country&#39;s main cities.
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Hilton Hotels Corp.  said on  Friday it agreed to sell the Scandic Hotel chain to European  private equity group EQT for about $1.1 billion as it seeks to  reduce debt.
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The Blackstone Group  raised its bid for Equity Office Properties Trust  to $55.50 per share in cash on Tuesday after rival bidder Vornado Realty Trust  sweetened its offer in the latest step in a fight to control the top U.S. office landlord.
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Blackstone Group&#39;s  agreed deal  to buy Hilton Hotels Corp.  this week showed that buyout  firms will happily layer big premiums on the right target and  can still feel confident about debt financing.