Simpson Thacher & Bartlett and Paul Weiss Rifkind Wharton & Garrison have secured lead roles in the $3.2bn (£1.75bn) acquisition by private equity house Blackstone Real Estate Advisors of upscale hotel operator Wyndham International.

Blackstone will acquire the outstanding common and preferred stock from Wyndham, in which the majority investors are Apollo Real Estate Advisors, Thomas H Lee and Beacon Capital.