AI Prospecting for Blackstone

Blackstone faces foreclosure on a $275 million hotel portfolio of four Club Quarters hotels in Chicago, Boston, San Francisco, and Philadelphia due to unpaid senior debt that matured earlier this month, despite attempts at a workout agreement[1].

Blackstone is teaming up with TPG to bid for Bausch + Lomb in a potential $13-14 billion deal to address Bausch Health’s large debt. Additionally, Blackstone is set to acquire Australian data centre group AirTrunk for over $16 billion and is raising at least $10 billion for its third Asia-focused private equity fund[1][3][4].

Blackstone Real Estate is acquiring Retail Opportunity Investments Corp. (ROIC) for $4 billion, including outstanding debt, in an all-cash transaction. This deal involves 93 high-quality, grocery-anchored retail properties in densely populated West Coast markets[3]. Blackstone has also sold the US motel chain G6 Hospitality, including Motel 6 and Studio 6 brands, to Oyo in a $525 million all-cash deal, aimed at expanding Oyo's international presence[1]. Additionally, Blackstone Secured Lending Fund reported strong third-quarter 2024 results, with record net asset value per share and a full-notch credit rating upgrade from Moody's to Baa2[2].