BX cashing out will give holders great return and dividends..
I saw where wealthy investors are saying that the carry trade situation should be changed.. I think BX is selling properties before this happens....Blackstone reportedly seeking $500M for London NYC hotel • 3:58 PM
The company owns a leasehold on the hotel with 123 years remaining, reports Bloomberg, and has hired Eastdil Secured to arrange a sale. Blackstone (BX +2.6%) purchased the leasehold for the hotel, formerly known as the Righa Royal, for $193M in 2005, and has renovated extensively.
Blackstone last month sold the London West Hollywood hotel for $195M, and is putting the Hilton Worldwide and Extended Stay chains up for IPO. The sharp P-E players also just raised $825M with an IPO of shopping-center owner Brixmor. That's a lot of cashing out.