Blackstone Bags Hilton Hotel Quartet From Apollo, Sage JV

Law360, New York (May 31, 2013, 7:16 PM EDT) -- A unit of The Blackstone Group LP has scooped up four Hilton-branded hotels, including one near Orlando, Fla.'s Seaworld amusement park and another outside San Francisco, from a joint venture of Sage Hospitality and Apollo Global Real Estate, according to a Thursday statement.

The hotel portfolio, which Sage Hospitality said has exceeded revenue expectations, includes the Hilton Garden Inn Orlando at SeaWorld, Hilton Garden Inn Atlanta Perimeter Center, Hilton Garden Inn Denver South Meridian and Homewood Suites SFO Airport North in San Francisco-neighboring Brisbane, Calif....
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