Blackstone Real Estate Announces $725M Sale Of Turtle Bay Resort
Portfolio Pulse from Benzinga Newsdesk
Blackstone Real Estate has announced the sale of Turtle Bay Resort for $725 million. The resort was purchased in 2018 for $332 million, and Blackstone invested significantly in renovations.
May 29, 2024 | 11:23 am
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Blackstone Real Estate has sold Turtle Bay Resort for $725 million, generating a substantial return on their 2018 investment of $332 million.
The sale of Turtle Bay Resort for $725 million represents a significant return on Blackstone's initial investment of $332 million in 2018. This positive financial outcome is likely to boost investor confidence and positively impact Blackstone's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100