Deals
Blackstone Weighs Sale of Budget Hotel Brand Motel 6
A Motel 6 in Cutler Bay, Florida.
Photographer: Joe Raedle/Getty Images
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Blackstone Inc.’s real estate arm is exploring the sale of Motel 6 in a deal that could value the budget hotel brand’s holding company at more than $1 billion, according to people with knowledge of the matter.
The New York-based firm is working with advisers and in the early stages of soliciting interest from potential suitors in G6 Hospitality LLC, which owns both Motel 6 and Studio 6, some of the people said.