Simpson Thacher Reps Blackstone Affiliate In $1.2B REIT Buy

Law360, New York (November 30, 2012, 1:03 PM EST) -- A Blackstone Group LP affiliate will purchase hotel-based real estate investment trust Apple REIT Six Inc. in a $1.2 billion deal that will expand its portfolio of hotel holdings, Apple REIT announced Friday.

BRE Select Hotels Corp., an affiliate of Blackstone Real Estate Partners VII, and Apple REIT entered into a definitive merger agreement following a unanimous approval by Apple REIT's board of directors, the company said in a statement.

Under the deal, Apple REIT's issued and outstanding common stock and related series A preferred stock...
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