Cambridge Landmark buys downtown Philadelphia hotel

The Blackstone Group has sold the former Sheraton Downtown Philadelphia, a 757 key full service hotel from to Cambridge Landmark. Financial details were not disclosed. The property currently operates as Philadelphia 201 Hotel. It will regain the Sheraton brand following a $28 million renovation, as part of a new franchise agreement with Marriott International. Renovation […]

SAM, JSA lead on Blackstone acquisition of stake in Indiabulls Gurugram office properties

Private equity giant Blackstone Group has entered into definitive agreements with listed developer Indiabulls Real Estate Ltd to buy up to 50% stake in two commercial properties in Gurugram. Indiabulls Real Estate is parting with the stake at a combined enterprise value of Rs.464 crore. The two office assets are in the Udyog Vihar locality […]