Blackstone, Starwood seek $4.65B for Extended Stay buy

2021-06-24

One of the largest commercial mortgage-backed securities loan offerings in a decade is being launched by Blackstone Group and Starwood Capital Group to finance their purchase of Extended Stay America. The $4.65 billion deal securitizes the loan taken out by the joint venture to make its approximately $6 billion acquisition of Extended Stay's 560 hotels.

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