Posted 12/14/2012 - 6:48:08 AM
NEW YORK–The Blackstone Group private equity firm has acquired the 13 upscale hotels that had been part of Eagle Hospitality Properties Trust.
Blackstone already owned the $600 million of debt that Eagle Hospitality had loaded onto the portfolio. When Eagle Hospitality was unable to sell the assets, Blackstone took possession. The 13 hotels include a number of Hilton, Embassy Suites and Marriott properties in markets around the country.