Edyn Secures £105m Funding From Blackstone and KSL Capital Partners

Main Photo: Date: March 2022 Name: Edyn Serviced Apartments – Brands: Locke and Cove Locations: Mainly Europe Number of Keys: 1,800 currently, with a further 1,400 in the pipeline Owner: Edyn Serviced Apartments, owned by Canadian Brookfield Funder: Blackstone Mortgage Trust and KSL’s European Capital Solutions (ECS) platform. Edyn, Brookfield’s European serviced apartment business, has…

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Crown Resorts Accepts Blackstone US$6.3B Offer for Australia Casino Group

Main Photo: The Crown Promenade Melbourne Date: February 2022 Name: Crown Resorts, comprising four hotels in Melbourne, three in Perth…and Casinos! Location: Perth, Melbourne & Sydney in Australia and Aspinalls in London, UK Number of Keys: 2,395 Seller: Crown Resorts Buyer: The Blackstone Group After nearly a year of Blackstone pursuing Australia’s largest casino operator,…

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Blackstone To Buy Preferred Apartments In $5.8 Billion Deal

Main Photo: The Ellison, a multifamily housing development owned by Preferred Apartments Date: February 2022 Name: Preferred Apartment Communities Location: USA Number of Keys: 12,000 apartments Seller: Preferred Apartment Communities Buyer: Blackstone Real Estate Income Trust A division of Blackstone is set to acquire multifamily housing owner/operator Preferred Apartment Communities Inc for $5.8 billion. Blackstone…

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Propreal Capital Partners sells the Regent Hotel Berlin to Blackstone

Main Photo: The Regent Hotel Berlin Date: January 2022 Name: The Regent Hotel Berlin Location: Gendarmenmarkt, Berlin, Germany Number of Keys: 195, including 39 suites Seller: Propreal Capital Partners…the hotel was acquired in 2014 by Shaftesbury Asset Management Buyer: Real estate funds managed by Blackstone In December 2021, Propreal completed the sale of the Regent…

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Blackstone Bags LaSalle for US$4.8bn

Date: May 2018 Location: 41 hotels across USA Name: LaSalle Hotel Properties, hotels such as Embassy Suites Phildephia, Grafton on Sunset, LAX, Hilton San Diego, Hotel Palomar Washington, Hyatt Boston Harbour, Park Central NY, Sofitel Washington DC and The Marker SFX.

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