The Nashville-based casual dining restaurant chain, which came with a price tage of $486m, owns 143 of its eateries.
The Center City Embassy Suites represents the fourth hospitality acquisition for the Norwalk, Connecticut-based private equity real estate firm’s second opportunity fund.
Coming hot on the heels of the firm’s massive acquisition of Stuyvesant Town in New York City, the real estate developer has purchased a large portfolio of German office buildings.
The real estate opportunity fund represents the private equity titan’s first vehicle dedicated specifically to the asset class.
The US private equity firm is spending £410m on a central London office building.
As Tip O’Neill, the former speaker of the US House of Representatives, famously said: “All politics is local.” And, according to the conventional wisdom, so is the real estate business. At the Pension Real Estate Association conference in Washington DC earlier this week, the nexus between real estate and politics was on full display.
The head of property lending in Europe for the US investment bank has been named as one of 115 staff promoted to coveted partner status, entitling him to share in a huge remuneration pot.
The historic London hotel, formerly owned by The Blackstone Group and Colony Capital, may temporarily close for the first time in its 117-year history.
Stockholm-based Aberdeen Property Investors has announced a $91m first close for its Asia real estate fund of funds vehicle.
The theme of the fall 2006 event was “Back to Basics,” but attendees nevertheless found time to discuss emerging markets and distressed debt.
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