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Blackstone Moves Into Motel 6
Since the bust, the firm has been an aggressive hotel buyer. Last year it was part of an investor group that purchased the hotel chain Extended Stay Inc. out of bankruptcy.
Calpers commits $500 million to Blackstone separate account
SAN FRANCISCO Calpers, the biggest U.S. public pension fund, will commit $500 million to a managed account overseen by Blackstone Group LP (BX.N), the world's largest private equity firm, according to details provided by the fund to Reuters on ...
Blackstone unit buys Singapore property
Blackstone's property arm has bought its first real estate in Singapore in a S$220m (US$177m) deal, taking advantage of the pressure on some cash-strapped European financial institutions to sell assets both within and outside their home markets.
Blackstone to buy sprawling London estate
Blackstone has been one of the most active forces in the European property market in the past year. In December, Blackstone agreed a deal that saw it take control of �1.4bn worth of underperforming loans from Royal Bank of Scotland. The group it also ...
Cheniere to Sell $1.5 Billion in Stock to Blackstone
Cheniere Energy Partners LP agreed to sell $1.5 billion in stock to investors affiliated with Blackstone Group LP at a discount in its continued aggressive effort to raise funds for construction of a natural-gas-export facility in Louisiana.
Blackstone Bets $1.5B On Cheniere's LNG Export Plans
Law360, New York (May 15, 2012, 4:44 PM EDT) -- The Blackstone Group LP will buy $1.5 billion in stock units at a discount from Cheniere Energy Partners LP, locking in the final piece of financing for Cheniere's plans to export U.S.
Accor sells US budget chain to Blackstone
Accor, Europe's largest hotels group by number of rooms, has sold its underperforming Motel 6 chain of US budget hotels to Blackstone in a $1.9bn deal, and will use some of the net €330m cash proceeds to expand in emerging markets. The disposal ...
Patriot Coal Says It's Working With Blackstone
NEW YORK— Patriot Coal Corp. said it is working with private-equity firm Blackstone Group LP on continuing refinancing plans.
Earnings in Private Equity Aren't a Simple Matter
Buyers of Carlyle's shares are indeed paying less for distributable earnings than if they were to buy the stock of peers Blackstone Group LP and KKR & Co. based on current stock prices. But how much less is a matter of debate in a sector that sells its ...
White Splits Blackstone's GSO Capital Partners to Launch Own Shop
Tim White is leaving GSO Capital Partners, the Blackstone Group's credit investment unit, to form his own middle market PE firm, sources say.