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Blackstone Seals MeriStar/Alcor Merger

BETHESDA, MD-MeriStar Hospitality Corp. closes its merger with Alcor Acquisition. Alcor is an affiliate of the New York City-based private investment and advisory firm the Blackstone Group. The value of the merger is approximately $2.6 billion.

By Barbra Murray | Updated on May 02, 2006

BETHESDA, MD-A little more than two months after the agreement was put in place, MeriStar Hospitality Corp.’s merger with Alcor Acquisition–an affiliate of private investment and advisory firm the Blackstone Group–has just closed. The value of the merger is approximately $2.6 billion.

Specifically, MeriStar Hospitality Corp. merged with and into Alcor Acquisition LLC and Alcor Acquisition LP merged with and into MeriStar Hospitality Operating Partnership LP. In exchange, shareholders of MeriStar Hospitality Corp. common stock and MeriStar Operating Partnership LP limited partnership interest units will receive $10.45 per-share or unit.

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