Blackstones Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstones European yield-oriented strategy. A rout in tech stocks last year shrank company valuations, making them enticing targets for private equity suitors. [162], Blackstone's most notable real estate investments have included EQ Office, Hilton Worldwide, Trizec Properties, Center Parcs UK, La Quinta Inns & Suites, Motel 6, Wyndham Worldwide, Southern Cross Healthcare and Vicinity Centres. In 2015, the digital assets were sold to IBM for $2 billion. Talent Acquisition and Executive Search Blackstone+Cullen Acquisition expected to be accretive in 2017 to Total Adjusted EBITDA and EPS . 345 Park Avenue, The partnership's first acquisition was a $295 million buyout of Prime Succession from GTCR. [174][175], The company has invested in companies with links to the commercialization and deforestation of the Amazon rainforest.[176][177][178][179]. Reuters reported last month that Cvent had rejected a previous offer of $3.9 billion from Blackstone and said it was exploring a sale that could value it at about $4 billion, citing a person familiar with the matter. On February 14, 2022 Crown Resorts accepted Blackstone's takeover offer. In 2012, Blackstone acquired a controlling interest in Utah-based Vivint, Inc., a home automation, security, and energy company. Blackstone acquired Prime Hospitality[54] and Extended Stay America in 2004. According to Blackstone, as of September 30, 2008, Kailix Advisors had $1.9 billion of assets under management. New York For office-specific contact information, please visitour offices page. Blackstone Group . Cvent was valued at $5.3 billion in 2021 when Vista, which had acquired it for $1.65 billion a few years ago, took it public in a merger with a blank-check acquisition company. I am excited by the opportunity to work alongside the talented team that makes up this business in order to build upon a decades-long track record of success and innovation.
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