MeriStar Hospitality to sell nine hotels

02/1/2006 | Houston Chronicle (tiered subscription model)

Hotel REIT MeriStar Hospitality Corp. today said it is in a deal to sell a nine-hotel portfolio, in addition to a golf and tennis club in Florida, to a Blackstone Group LP affiliate for about $367 million. MeriStar plans to put the proceeds from the sale toward reducing debt.

View Full Article in:

Houston Chronicle (tiered subscription model)

Published in Brief: