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January 10, 2018  

Blackstone to Pay $1 Billion for Hawaii Hotel

Blackstone has struck a deal to acquire the Grand Wailea luxury resort on Maui for almost $1.1 billion, in what would be one of the nation’s largest-ever hotel trades.The fund giant has agreed to pay a whopping $1.4 million/room for the 780-room resort, one of 29 hotels that Hilton Worldwide groups under its global Waldorf Astoria flag. Eastdil Secured is believed to be representing the seller, Singapore sovereign-wealth fund GIC.A trade at...

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