Blackstone in deal to buy MeriStar Hospitality

02/21/2006 | Reuters

MeriStar Hospitality, a Bethesda, Md.-based hotel REIT, has accepted a buyout offer of about $2.6 billion from an affiliate of the Blackstone Group. Blackstone earlier this month agreed to buy 10 Florida properties from MeriStar for about $367 million.

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