Extended Stay Hotels Purchase

d360 · 04-19-2007, 09:27 AM

Lighthouse Group purchased Extended Stay Hotels from a private equity company, the Blackstone Group, for $8 billion.

Extended Stay Hotels, which offers rooms with kitchenettes and primarily serves business travelers, operates under several brands, including Homestead Studio Suites and Crossland Economy Studios.

The deal will add 683 properties, with a total of 76,000 rooms, to the more than 18,000 residential units and approximately 30 million square feet Lightstone owns.

Conti · 05-29-2007, 08:23 PM

$8 billion? I wish I started that company. Lol. I've stayed in an extended stay once. It was nice.

04-19-2007, 09:27 AM	#1 (permalink)
d360 Administrator Join Date: Jun 2006 Posts: 922	Extended Stay Hotels Purchase Lighthouse Group purchased Extended Stay Hotels from a private equity company, the Blackstone Group, for $8 billion. Extended Stay Hotels, which offers rooms with kitchenettes and primarily serves business travelers, operates under several brands, including Homestead Studio Suites and Crossland Economy Studios. The deal will add 683 properties, with a total of 76,000 rooms, to the more than 18,000 residential units and approximately 30 million square feet Lightstone owns. __________________ Popular Subjects: Costa Rica Travel Guide - Las Vegas Hotels - Hawaiian Islands Virtual Tours

05-29-2007, 08:23 PM	#2 (permalink)
Conti Member Join Date: Mar 2007 Posts: 60	Re: Extended Stay Hotels Purchase $8 billion? I wish I started that company. Lol. I've stayed in an extended stay once. It was nice.

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