Wyndham Sells Summerfield Suites Stake
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Hotel operator Wyndham International  Inc. WBR.A has sold six hotels and partial ownership of its  Summerfield Suites by Wyndham chain to Lehman Brothers Real  Estate Partners, the companies said on Thursday.
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PARAMUS, N.J. -- A group led by Vornado Realty Trust boosted its offer for Equity Office Properties Trust to $23.24 billion, or $56 per share, in cash and stock on Thursday, topping a private equity firm's buyout bid.
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Prime Hospitality, a Fairfield company that operates AmeriSuites, Wellesley Inns and Suites and Prime Hotels, said yesterday it has agreed to be acquired by the Blackstone Group, a private equity group, for $590 million, plus assumed debt.
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CHICAGO -- The Pritzker family&#39;s Hyatt Corp. said Thursday it plans to buy the AmeriSuites hotel chain from Blackstone Group in a deal reportedly worth more than $600 million.
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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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Equity Inns Inc. , which owns mid-market hotels, has agreed to be acquired by Goldman Sachs'  real estate fund, Whitehall, in a deal worth $2.2 billion, including assumed debt, the company 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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Vornado Realty Trust  said on Wednesday it 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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Hyatt broadened its high-end hotel brand Thursday by purchasing the 143-hotel AmeriSuites chain for $600 million. The acquisition from private equity investor Blackstone Group increases Hyatt&#39;s existing 90,000
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Brookfield Properties Corp., which owns 48 commercial sites including the World Financial Center in New York, bought a 19-story office tower in Rosslyn, Virginia, from Deutsche Immobilien Fonds AG for $106 million.
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Highland Hospitality Corp. a lodging real estate investment trust, said Friday that it bought four hotels from Wyndham International Inc. for $227 million, plus closing adjustments.
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Shareholders approved Aether Systems Inc.'s sale of one of its two remaining operating divisions yesterday, a deal that will take the Owings Mills company out of the wireless business and nearly complete its transformation into a mortgage investment fund.
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The Blackstone Group said on Tuesday it would buy Hilton Hotels Corp. for about $26 billion in cash.
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InterContinental Hotels Group Plc (IHG.L: Quote, Profile, Research) said on Friday it was selling 13 hotels to Hospitality Properties Trust (HPT.
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Two Radisson hotels in Indianapolis will be purchased by Dallas-based Ashford Hospitality Trust Inc., the company said Monday. The Radisson Hotel City Centre at Ohio and Meridian streets and
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Cendant Corp  on Friday said it  has agreed to sell its travel services division to an affiliate  of the Blackstone Group for about &#36;4.3 billion in cash.
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The 322-room Tremont Boston was sold to Highland Hospitality Corp., a Virginia-based real estate investment trust that purchased the hotel along with three others for $227 million from Wyndham International Inc.