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Blackstone Group Buying Three Hotels for $1.3 Billion

The properties are the JW Marriott and the Ritz-Carlton in Orlando and the JW Marriott in Scottsdale.

Source: Bloomberg News

Blackstone Group LP agreed to buy three high-end U.S. resorts for about $1.3 billion from a group led by Paulson & Co., according to a person with knowledge of the transaction.

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