Company Overview

As of May 2, 2006, Meristar Hospitality Corp. was acquired by Blackstone Real Estate Advisors. MeriStar Hospitality Corporation operates as a real estate investment trust (REIT). The company owns a portfolio of upper upscale hotels and resorts primarily located in metropolitan areas, secondary markets, or resort locations in the United States. These hotels operate under various brand names, such as Hilton, Sheraton, Marriott, Ritz-Carlton, Westin, Doubletree, Embassy Suites, Holiday Inn, and Radisson. Its hotels provide guest rooms, meeting and convention facilities, and restaurant and catering facilities. As of December 31, 2005, the company owned 64 hotels with 18,173 rooms. The company el...

As of May 2, 2006, Meristar Hospitality Corp. was acquired by Blackstone Real Estate Advisors. MeriStar Hospitality Corporation operates as a real estate investment trust (REIT). The company owns a portfolio of upper upscale hotels and resorts primarily located in metropolitan areas, secondary markets, or resort locations in the United States. These hotels operate under various brand names, such as Hilton, Sheraton, Marriott, Ritz-Carlton, Westin, Doubletree, Embassy Suites, Holiday Inn, and Radisson. Its hotels provide guest rooms, meeting and convention facilities, and restaurant and catering facilities. As of December 31, 2005, the company owned 64 hotels with 18,173 rooms. The company elected to be operated as a REIT for federal income tax purposes. As a REIT, the company would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. MeriStar was founded in 1987 as Capstar Hotel Co. and is headquartered in Bethesda, Maryland.

Key Executives for Meristar Hospitality Corp.

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