Blackstone Revives Potential Sale of Motel 6 Brand Owner [BNN Bloomberg (Canada)]
Blackstone Inc. (BX)
Last blackstone inc. earnings: 4/23 06:56 am
Check Earnings Report
US:NYSE Investor Relations:
ir.blackstone.com/investors/shareholders/default.aspx
Company Research
Source: BNN Bloomberg
The asset manager is in the early stages of soliciting interest from potential suitors in G6 Hospitality, which owns both Motel 6 and Studio 6, the people said, asking not to be identified discussing private details. A Blackstone spokesperson declined to comment. Blackstone acquired the business from the French lodging company Accor SA in 2012 as part of a $1.9 billion deal. Blackstone tested buyer interest for G6 Hospitality in late 2021. That effort, which didn't result in a transaction, may have valued the budget brand's holding company at more than $1 billion, Bloomberg News reported at the time. The commercial-property market froze in 2022 as borrowing costs started to soar, pressuring valuations. While financing challenges continue to weigh on transactions, some deals have been struck as interest rates have stabilized. Earlier this month, Hilton Worldwide Holdings Inc. acquired a controlling interest in Sydell Group, which owns the NoMad hotels brand, in an effort to ad
Show less
Read more
Impact Snapshot
Event Time:
BX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BX alerts
High impacting Blackstone Inc. news events
Weekly update
A roundup of the hottest topics
BX
News
- KKR is in talks for funding deal [Yahoo! Finance]Yahoo! Finance
- KKR in Talks With Private Credit Funds to Finance Perpetual Bid [BNN Bloomberg (Canada)]BNN Bloomberg
- Commercial Real Estate Debt Is Back With 170% Jump in Sales [Yahoo! Finance]Yahoo! Finance
- Commercial Real Estate Debt Is Back With 170% Jump in Sales [BNN Bloomberg (Canada)]BNN Bloomberg
- Motel 6 Appoints Garfield as First-Ever Chief Pet Officer [Yahoo! Finance]Yahoo! Finance
BX
Earnings
- 4/18/24 - Beat
BX
Sec Filings
- 4/18/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- BX's page on the SEC website