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Blackstone Takes Possession of Eagle Hospitality Portfolio

Friday December 14th, 2012 - 6:48AM

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.