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The Blackstone Group L.P. Message Board

  • sam_0534 sam_0534 Nov 1, 2013 4:04 PM Flag

    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.

    Sentiment: Strong Buy

27.58-0.02(-0.07%)Aug 30 4:02 PMEDT