Bear Stearns and Deutsche Bank have amassed $7.5bn (€6.4bn) of hotel deals in one week after advising Starwood on the sale of 38 hotels to Host Marriott for $4bn. A few days earlier the banks brokered the $3.4bn purchase of hotel chain La Quinta by private equity firm, The Blackstone Group.

Host Marriott is acquiring 25 domestic and 13 international hotels from Starwood, which will allow the company to expand into Europe.