Blackstone Sells Strategic Hotels
10.31.16
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The Firm represented Blackstone in connection with its sale of most of Strategic Hotels to Anbang Insurance Group. This transaction follows the Firm’s representation of Blackstone in its $6 billion acquisition of Strategic Hotels last year, one of the largest public company buyouts in recent years.
Strategic Hotels owns sixteen high-end hotels and resorts in the United States with an aggregate of 7,532 rooms and 807,000 square feet of multi-purpose meeting and banqueting space.
The Simpson Thacher team includes Brian Stadler, Ravi Purushotham and Elina Alperovich (M&A); Greg Ressa, Danielle Jackson and Molly Wolfe (Real Estate); John Hart, Jason Vollbracht and Jackie Clinton (Tax); Greg Grogan and Jeannine McSweeney (Executive Compensation and Employee Benefits); Peter Thomas, David Shogren and Elliot Weingarten (Regulatory); and Adeeb Fadil (Environmental).