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MEMPHis-Hyatt Corp.'s proposal to buy the AmeriSuites brand from The Blackstone Group and spend $150 million on it during the next two years was good news to Howard Silver.
Silver is president and c.o.o. of Equity Inns, a Memphis-based real-estate investment trust, and the largest owner of AmeriSuites brand properties.
"I'm excited because I think it improves the value of our real-estate," Silver said. "The Hyatt name has more cachet than AmeriSuites, and it will allow the brand to better...