Blackstone Revives Potential Sale of Motel 6 Brand Owner [Yahoo! Finance]
Blackstone Inc. (BX)
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Source: Yahoo! Finance
Most Read from Bloomberg Iran's Attack on Israel Sparks Race to Avert a Full-Blown War Israel Versus Iran — What All-Out War Could Look Like Apple Faces Worst iPhone Slump Since Covid as Rivals Rise S&P 500 Breaks Below 5,100 as Big Tech Sells Off: Markets Wrap Singapore PM Lee to Hand Reins to Wong After Two Decades 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 borro
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