Bahrain's Investcorp has formed a joint venture (JV) with Interstate Hotels and Resorts, reported the Bahrain Tribune. Investcorp International's US based Real Estate Group and Interstate are to buy three hotels from affiliates of the Blackstone Group for a total price of $118m. The properties are the 321 room Hilton Seelbach Louisville in Kentucky, the 226 room Crowne Plaza Madison in Wisconsin and the 288 room Sheraton Columbia in Maryland. [AMEInfo.com]



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Posted: 09|23|07 at 1:19 pm. Filed under: News.