Blackstone and Starwood Boost Offer for Extended Stay Ahead of Vital Shareholder Vote

Blackstone and Starwood Boost Offer for Extended Stay Ahead of Vital Shareholder VoteJune 1, 2021

Mike Mozart  / Flickr

Blackstone and Starwood Capital upped the offer on their planned Extended Stay America takeover one week before shareholders vote on whether or not to approve it. Mike Mozart / Flickr

Skift Take: Blackstone and Starwood Capital blinked, bowing to critics on what they deemed a lowball offer for Extended Stay America.

— Cameron Sperance

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