>Blackstone hotels firm restructures $633mln debt

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>LONDON, Dec 13 (Reuters) – A European hotel company owned by Blackstone (BX.N) property funds has restructured 480 million euros ($633 million) of its debt, extending the maturity by five years to ride out a rough patch for the hotel industry.
The restructuring includes a new 150 million-euro mezzanine loan, fully placed with Morgan Stanley (MS.N) Real Estate Fund (MSREF) VII Global, a statement from Blackstone and its bankers Citi (C.N) and ING Real Estate Finance (ING.AS) said on Monday.

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