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Blackstone Agrees to Buy Strategic Hotels for $6 Billion

Sale of Luxury Chain Includes Ritz-Carlton in Half Moon Bay, CA and Essex House In Manhattan
CoStar News
September 8, 2015 | 2:56 P.M.

Luxury hotel company Strategic Hotels & Resorts, Inc. early today said it has agreed to be acquired by Blackstone Real Estate Partners VIII LP in a transaction that values the hotel REIT’s portfolio at about $6 billion, including debt.

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