Blackstone Group now owns roughly 4% of the hotel inventory in the U.S., according to a Tuesday report from The Wall Street Journal, after foreclosing on Eagle Hospitality Properties Trust, the owner of 13 upscale hotels with 3,538 rooms.
Blackstone bought US$606 million of Eagle Hospitality’s debt earlier this year and is now foreclosing after Eagle missed its deadline for repayment.
This news brings Blackstone’s hotel holdings to approximately 196,500 rooms. These latest additions include:
- Cincinnati Landmark Marriott (321 rooms)
- Chicago Marriott Southwest at Burr Ridge (184 rooms)
- Hyatt Regency Rochester (336 rooms)
- Embassy Suites Hotel Columbus/Dublin (284 rooms)
- Embassy Suites Hotel Cleveland/Rockside (271 rooms)
- Embassy Suites Hotel Boston at Logan International Airport (273 rooms)
- Embassy Suites Hotel Denver-International Airport (174 rooms)
- Embassy Suites Hotel Phoenix-Scottsdale (270 rooms)
- Embassy Suites Hotel Tampa-Airport/Westshore (243 rooms)
- Embassy Suites Hotel & Casino San Juan (299 rooms)
- Embassy Suites Hotel Cincinnati-RiverCenter (226 rooms)
- Hilton Glendale (351 rooms)
- Hilton Cincinnati Airport (306 rooms)