The New Hotel Tycoons: Why Private Equity Loves The Lodging Industry | forbes.com

What do Hilton Hotels, the Palms Casino Resort, Motel 6 and the Fairmont San Francisco have in common? They’re all owned by private equity firms. The leveraged buyout industry can’t seem to get enough of the risky lodging industry acquiring over 4,700 hotels and resorts since 2000 with a total deal value of over $80 billion. Blackstone, Apollo, Starwood Capital and Oaktree are among some of the biggest buyers of the last decade.