Simpson Thacher Represents Blackstone in the Sale of $495 Million Hotel Portfolio
07.12.12
This is only gets display when printing
The Firm is representing affiliates of Blackstone Real Estate Partners in connection with their sale of a hotel portfolio to DiamondRock Hospitality Company for approximately $495 million of cash and DiamondRock common stock. The hotels included in the sale are the Hilton Boston, the Westin Washington D.C., the Westin San Diego and the Hilton Burlington.
DiamondRock (NYSE: DRH) is a self-advised real estate investment trust that is an owner of premium hotel properties. DiamondRock’s hotels are generally operated under globally recognized brands such as Hilton, Marriott and Westin.
The Simpson Thacher team includes Sas Mehrara, Alison Ando, Whitney Roland, Brandon Greer, Michael Svetich and Kevin Boroumand (Real Estate); Brian Stadler and Matt Rogers (Corporate); Nancy Mehlman and Jodi Sackel (Tax); and Greg Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits). Summer associates Daniel Areshenko and Paul Bennett also provided valuable assistance.