Merger Notification M/21/013 – Blackstone/Starwood/Extended Stay America-ESH Hospitality JV
The proposed acquisition of joint control of Extended Stay America, Inc. (“Extended Stay America”) and its paired share real estate investment trust, ESH Hospitality, Inc. (“ESH Hospitality”) by The Blackstone Group Inc. (“Blackstone”) and Starwood Capital Group (“Starwood”) has been cleared by the Competition and Consumer Protection Commission.
|Notification date||Decision date|
|Thursday March 25, 2021||Tuesday, April 13, 2021|
|Parties Involved||Business activities|
|The Blackstone Group Inc.||
The Blackstone Group Inc. is a global alternative asset manager and provider of financial advisory services. It is headquartered in the United States and has offices in Europe and Asia.
|Starwood Capital Group||
Starwood Capital Group is a privately held global alternative investment firm with a core focus on global real estate.
|Extended Stay America Inc. and ESH Hospitality Inc.||
Extended Stay America Inc. and ESH Hospitality Inc. are a paired company based in North Carolina who act as hotel operators and a Retail Estate Investment Trust. (REIT)
|Economic sector||Media merger|
|Real Estate (incl. Residential, Commercial/Hotels)||No|
|Submissions from third parties due by:|
|Phase 1||Phase 2|
|Monday, April 12, 2021|
|Current status: Completed|
|Cleared (Phase 1)|
|Authorised Officer Assigned||Contact Details|
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