Blackstone institution has agreed to promote Strategic
resorts & lodges Inc to a chinese firm for $US6.5 billion ($A8.sixty two
billion), in keeping with a person acquainted with the deal.
The settlement with China's
Anbang insurance institution comes about 3 months after the private fairness
company finished its acquisition of the lodge operator.
The man or woman, who spoke on situation of anonymity due to
the fact they had been now not authorised to speak publicly approximately the
deal, could not right now say how lots of the $US6.five billion deal cost
includes debt.
Blackstone completed its acquisition of Strategic hotels in
December. That deal turned into worth $US3.ninety three billion, or
approximately $US6 billion, which includes debt.
A spokeswoman for Blackstone declined to comment on
Saturday. An electronic mail to a media consultant at Anbang turned into now
not straight away again.
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