Motel 6 in Good Hands with Blackstone | lhonline.com

The Blackstone Group, already the owner of 5,613 hotels globally, including hotel companies Hilton Worldwide, La Quinta and Extended Stay, is now adding the Motel 6 chain to its growing lodging portfolio. Early this morning, Blackstone agreed to purchase the Motel 6 and Studio 6 chains of 1,102 economy hotels in the U.S. and Canada from Accor for $1.9 billion. The move by Accor is no surprise...