Blackstone, Starwood to buy hotel operator for US$6 billion

Blackstone, Starwood to buy hotel operator for US$6 billion

The Edge Markets - World·2021-03-16 05:03

NEW YORK (March 15): Blackstone Group Inc and Starwood Capital Group have agreed to buy Extended Stay America Inc, an operator of hotels and motels, for about US$6 billion, betting the industry will recover as progress in fighting the Covid-19 pandemic accelerates.

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