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Apple REIT Six Inc. entered into a definitive merger agreement to be acquired by BRE Select Hotels Corp., an affiliate of Blackstone Real Estate Partners VII, for about $1.2 billion.
Under the terms of the deal, which was approved by Apple REIT Six's board, each issued and outstanding unit of the company will be converted into the right to receive consideration of $11.10 per unit, the company said Nov. 30.
The consideration will consist...




