Blackstone to Acquire Hotels from Paulson Consortium
03.31.15
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The Firm is representing Blackstone Real Estate Partners VII L.P. in connection with its proposed acquisition of the Ritz Carlton Orlando, Grande Lakes, JW Marriott Orlando, Grande Lakes and the JW Marriott Phoenix Desert Ridge Resort and Spa from Paulson & Co. Inc. and other investors for approximately $1.2 billion. The hotels combined have two championship golf courses, more than 2,500 rooms and about 472,000 square feet of meeting space.
The Simpson Thacher team includes Scott Kobak, Alison Ando, Justin Vilinsky and Matthew Kopko (Real Estate); Greg Grogan and Andrew Blau (ECEB); and Nancy Mehlman and Michael Cardella (Tax).