Blackstone/Starwood/Extended Stay America-ESH Hospitality JV
Transaction details
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.
Case details
- Notification date:25 March 2021
- Publication date:25 March 2021
- Economic sector:Real estate activities - M
- Economic sub-sector:Real estate activities - M.68
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.21.013 Merger AnnouncementPDF | 242 KBM.21.013 Merger Announcement PDF | 242 KB - Opens in new window
M.21.013 DeterminationPDF | 321 KBM.21.013 Determination PDF | 321 KB - Opens in new window
Timetable
Parties Involved
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)
Contacts
- Peter Honer peterhoner@ccpc.ie
