 In 1998, AmeriSuites was sold to The Blackstone Group, who operated AmeriSuites under its Prime Hospitality division.In 2005 Blackstone Real Estate Partners sold AmeriSuites to Hyatt.Between 2006 and 2009, Global Hyatt Select Hotel Group phased out the AmeriSuites brand and converted the properties into the then-new Hyatt Place brand.