Blackstone Sells Motel 6 for $525M

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Blackstone, which owns Motel 6s parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth $525 million. The deal will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays. • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor Already have an account? Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. Shes a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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