Two of the largest real estate investors are funneling funds into an extended-stay hotel chain. Barry Sternlicht’s Starwood Capital Group recently paid $136.8 million for an 8.5 percent stake, or about $9.05 per share, in Extended Stay America, the Wall Street Journal reported. And Blackstone Group picked up a 4.9 percent stake in the chain for about $6.50 a share, sources told the outlet. Blackstone has experience with the hotel firm: The private investment group
source https://therealdeal.com/2020/04/22/blackstone-starwood-pick-up-stakes-in-extended-stay-america/
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