Australia: Blackstone eyes $574m hotel bid | theaustralian.com.au
BLACKSTONE is tipped to secure a $574 million-plus hotel portfolio from its private equity rival Brookfield as the pair continue to dominate local real estate. Canada's Brookfield is selling five hotels as it recasts plans for the $1 billion-plus Wynyard redevelopment in central Sydney. Sources say the project will likely make a "grand statement" and feature a dynamic office skyscraper in line with other landmark projects the group has embarked on globally.