Kirkland Represents Starwood Capital Group on Acquisition of Extended Stay America in Joint Venture with Blackstone for Approximately $6 Billion

Kirkland & Ellis advised Starwood Capital Group, a global private investment firm, on the definitive agreement for funds managed by Starwood Capital to acquire Extended Stay America (NYSE: STAY), the leading brand in the mid-priced extended stay segment in the U.S., in a 50/50 joint venture with funds managed by Blackstone Real Estate Partners. The all-cash transaction is valued at approximately $6 billion.  

Read the transaction press release 

The transaction was jointly led by corporate partners Michael Brueck and Joshua Korff and real estate partner Scott Berger. The team also included corporate partners Maggie Flores and David Perechocky, real estate partners Jonathan Schechter, Chris Hartmann and Richard Grossman, tax partner Mike Beinus and antitrust partner Kate Rocco.