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Blackstone Group – Sale of hotel resort in the U.S.

The New York-based alternative investment firm, Blackstone Group, has sold a hotel resort in the United States to the joint venture between the Honolulu-based private real estate investment firm, Trinity Investments, and the New York-based investment firm, Elliott Management Corporation, for $900 million. The resort comprises the 998-room JW Marriott Grande Lakes and the 582-room Ritz-Carlton Grande Lakes.