US asset management giant Blackstone has agreed to acquire an institutional-quality portfolio comprising 102 properties across the US and 22 assets in the UK, Germany and the Netherlands in a deal valued at $2.8 bn (€2.5 bn).
US asset management giant Blackstone has agreed to acquire an institutional-quality portfolio comprising 102 properties across the US and 22 assets in the UK, Germany and the Netherlands in a deal valued at $2.8 bn (€2.5 bn).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.