Deals
PAI Partners to Buy Majority Stake in Hotel Chain Motel One
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PAI Partners agreed to buy a majority stake in Motel One, gaining control of a chain with hotels across Europe.
The European private equity firm is taking an 80% stake in the operating business, it said in a statement Monday. The transaction is expected to close in the second quarter. Earlier in the day, Bloomberg News reported that such a deal would value the hotel operator at about €3.5 billion ($3.6 billion).