Hyatt buying AmeriSuites chain
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The Hyatt hotels company is buying the AmeriSuites chain from its current owner, The Blackstone Group. The companies haven&#39;t disclosed the purchase price, but published reports say Hyatt is likely to pay more than $600 million.
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U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp. for about $26 billion, the richest in a series of recent private equity offers for hotel companies.
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Clothing retailer American Apparel Inc. is close to a deal to be bought by Endeavor Acquisition Corp.  for $244 million, the Wall Street Journal reported on its Web site on Monday.
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Hyatt Corp. disclosed plans Thursday to buy the 143-hotel AmeriSuites chain in an estimated $600 million-plus deal that analysts said makes the luxury hotel company more of a well-rounded rival to much bigger Marriott International Inc.
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SYDNEY (Dow Jones)--Coles Myer Ltd. (CM) and Macquarie Bank Ltd. (MBL.AU) were Wednesday night close to finalizing a fresh bid for pubs and liquor group Australian Leisure &amp; Hospitality Group Ltd.
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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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Real estate investment trust   Hospitality Properties Trust HPT.N on Monday said it agreed   to buy TravelCenters of America Inc., which operates food and   gas service stations along highways, for about $1.9 billion.
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Business & money: American private equity company Blackstone swoops on the Hilton Hotels empire.
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NEW YORK (CBS.MW) -- The Blackstone Group agreed to buy Prime Hospitality Corp., which owns Wellesley Inn and AmeriSuites hotels, for $790 million, including the assumption of debt.
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Global Hyatt, the hotel company controlled by the Pritzker family of Chicago, said Wednesday that it would sell a minority stake to a group of investors, including Goldman Sachs Capital Partners, for $1 billion. The deal, which is the latest step in the familyâs restructuring of its holdings, seemed to damp speculation that Hyatt is headed [...].
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Private equity firms Madrone Capital Partners and Goldman Sachs Capital Partners agreed to invest $1 billion in closely-held Global Hyatt Corp, the hotel company's Chairman, Tom Pritzker, said on Wednesday.
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HSBC is interested in buying the $3 billion (1.6 billion pound) store and credit card operations of US retailer Federated Department Stores (FD.
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Newton-based Hospitality Properties Trust , the owner of 310 hotels, has agreed to buy TravelCenters of America Inc. for about $1.9 billion, adding 161 rest stops along US highways that sell food and fuel to truckers and other motorists.
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LONDON/NEW YORK  - InterContinental Hotels Group  Plc IHG.L said on Friday it was selling 13 hotels to  Hospitality Properties Trust HPT.N for $450 million, as part  of its strategy to sell hotels it owns and focus on franchising  and managing instead.
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The insurance giant MetLife Inc. is buying Travelers Life &amp; Annuity Co. for at least $11.5 billion from Citigroup Inc. , the nation's largest financial institution.
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Hotel franchisor Cendant Corp. said Wednesday that it plans to buy Ramada International Hotels &amp; Resorts from Marriott International Inc.
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PacifiCare Health Systems Inc. will pay $502 million to buy all outstanding shares of common stock of American Medical Security. Under the terms of the merger agreement, Cypress-based PacifiCare will pay $32.