Blackstone, Starwood Bet On The Long-Term Stay Segment's Resilience

4/22/2020

Investment giants Blackstone Group and Starwood Capital have each acquired equity stakes in Extended Stay America, which operates 632 long-term hospitality properties.

The deals come at a time when the U.S. hospitality industry as a whole has cratered, with occupancies at historic lows and many properties permanently closed.

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Blackstone, Starwood Bet On The Long-Term Stay Segment's Resilience

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