{"id":378035,"date":"2026-06-28T07:24:36","date_gmt":"2026-06-28T07:24:36","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/378035\/"},"modified":"2026-06-28T07:24:36","modified_gmt":"2026-06-28T07:24:36","slug":"blackstone-bx-funds-to-buy-hyatt-regency-san-francisco","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/378035\/","title":{"rendered":"Blackstone (BX) Funds to Buy Hyatt Regency San Francisco"},"content":{"rendered":"\n

Blackstone Inc. (NYSE:BX) is one of the 12 Most Profitable S&P 500 Stocks to Invest In<\/a>. <\/p>\n

On June 23, 2026, Sunstone Hotel (SHO) announced a definitive agreement to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Inc. (NYSE:BX) Real Estate for a gross sale price of $279M, or about $340,000 per key. The price represents a 21.4x multiple on Hotel Adjusted EBITDA and a 3.5% cap rate on Hotel Net Operating Income for the trailing twelve-month period ended May 31. Sunstone expects the transaction to close in late July or early August and plans to provide more details, including the expected impact on its full-year outlook, in its quarterly earnings release in early August. <\/p>\n

On June 16, Blackstone Credit & Insurance announced the launch of SablePointe Credit Strategies, a new platform supporting origination, underwriting, and portfolio management in asset-based lending. SablePointe hired James Garlick, former co-founder of Wingspire, as President to lead the platform’s buildout and growth. Headquartered in Alpharetta, Georgia, SablePointe will support BXCI in sourcing, structuring, and managing senior secured asset-based and first-out credit facilities for corporate borrowers. <\/p>\n

\"Blackstone<\/a> Blackstone (BX) Funds to Buy Hyatt Regency San Francisco <\/p>\n

On June 10, BizLink signed a share purchase agreement to acquire Interplex Datacom, a division of Ennovi, a portfolio company under certain funds managed by Blackstone, for an enterprise value of $850M, plus up to $50M in contingent consideration. The all-cash transaction is expected to close in the second half of 2026, subject to customary closing conditions. <\/p>\n

Blackstone Inc. (NYSE:BX) is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity, and multi-asset class strategies. <\/p>\n

While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0<\/a>best short-term AI stock<\/a>. <\/p>\n

READ NEXT:\u00a033 Stocks That Should Double in 3 Years<\/a> and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy<\/a>. <\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Blackstone Inc. (NYSE:BX) is one of the 12 Most Profitable S&P 500 Stocks to Invest In. On June…\n","protected":false},"author":2,"featured_media":378036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[38704,153009,153007,79893,153008,153010,101,103,102,104,106,105,153006],"class_list":["post-378035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-blackstone-inc","tag-funds-of-funds","tag-hotel-adjusted-ebitda","tag-hyatt-regency-san-francisco","tag-portfolio-management","tag-quarterly-earnings-release","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news","tag-sunstone-hotel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/378035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=378035"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/378035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/378036"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=378035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=378035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=378035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}