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Related Fund Management, the investment management arm of New York-based Related Cos., sold the 346-key hotel to Blackstone for $153M, two sources familiar with the deal confirmed. The price includes $97.7M for the property that is reflected in deed records and an additional $55M for the hotel operations. Blackstone made the acquisition through its Blackstone Real Estate Partners X fund, which closed last April after raising $30.4B in capital commitments.