Wednesday, December 5, 2012

Blackstone/Apple REIT Merger Signals New Wave of Private Equity Hotel Investment




National Commercial Real Estate News From CoStar Group





Blackstone/Apple REIT Merger Signals New Wave of Private Equity Hotel Investment



Following its masterful purchase and disposition of the former Equity Office Properties Trust at the peak of the market, investors have a great deal of respect -- and interest -- in Blackstone's commercial real estate investments. So when the private-equity kingpin this week picked up Apple REIT Six Inc. for $1.2 billion to amass nearly 200,000 hotel rooms, or about 4% of the nearly 5 million hotel rooms in America, investors took notice.

Blackstone...






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