Pursuits
DiamondRock to Buy 4 Blackstone Hotels for $495 Million
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DiamondRock Hospitality Co., a U.S. real estate investment trust, said it agreed to buy four hotels from Blackstone Group LP for about $495 million in cash and stock, adding to its portfolio of 23 hotels.
The properties are the Hilton Boston, Westin Washington D.C., Westin San Diego and the Hilton in Burlington, Vermont, DiamondRock said today in a statement.