Columbia Sussex Corporation Acquires 14 Full-Service Hotels from Wyndham International, Inc. for $1.4 Billion.FORT MITCHELL Fort Mitchell may refer to:
The acquired properties represent approximately one-half of Wyndham's owned real estate. The fifteen remaining Wyndham owned assets were recently re-branded to become part of LXR LXR Linux Cross Reference LXR Luxor, Egypt - Luxor (Airport Code) Luxury Resorts and continue to be owned by affiliates of Blackstone. Banc of America Securities acted as financial advisor to Columbia Sussex in connection with this transaction. Katz, Teller, Brant brant or brant goose, common name for a species of wild sea goose. The American brant, Branta bernicla, breeds in the Arctic and winters along the Atlantic coast. & Hild acted as legal advisor to Columbia Sussex. Simpson Thacher & Bartlett LLP LLP - Lower Layer Protocol acted as legal advisor to Wyndham and Blackstone. Bear Stearns Commercial Mortgage, Inc. and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , N.A. provided $1.1 billion of financing. About Columbia Sussex Columbia Sussex Corporation is a private hotel owner and operator based in Fort Mitchell, Kentucky Fort Mitchell is a city in Kenton County, Kentucky, United States. The population was 8,089 at the 2000 census. Geography Fort Mitchell is located at (39.047221, -84.559993)GR1. . The company is 100% owned by William J. Yung and his family, and is one of the largest privately held hotel companies in the country. It is the largest franchisee of full-service Marriott hotels. Upon the completion of this transaction, Columbia Sussex will own over 70 full-service hotels located throughout the United States. About The Blackstone Group The Blackstone Group, a global investment and advisory firm with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Atlanta, Boston, Los Angeles, London, Hamburg, Mumbai, and Paris, was founded in 1985. Blackstone's Real Estate Group has raised five funds representing approximately $6 billion in total equity. The group has completed over 130 separate investments, representing more than 1,400 individual assets, in hotels, offices and other commercial properties with a total transaction value of approximately $22 billion. In addition to real estate, The Blackstone Group's core businesses include Private Equity Investing, Corporate Debt Investing, Marketable Alternative Investments, Corporate Advisory, and Restructuring and Reorganization Advisory. www.blackstone.com |
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