Interstate Joint Venture Buying 3 Hotels

Interstate Hotels & Resorts Inc. said Wednesday it formed a joint venture with Investcorp International’s Real Estate Group to buy three hotels from affiliates of the Blackstone Group LP for $118 million.

Read More at AP via Yahoo! Finance…

This entry was posted on Wednesday, September 19th, 2007 at 6:25 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.