Motel 6 sold to Blackstone for 1.9 billion USD
May 22, 2012, 6:27 am
#1
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Motel 6 sold to Blackstone for 1.9 billion USD
Headline says it all. Completion expected in October. Accor press release here.
Should help pay for quite a few new MGallery and Sofitel openings.
Should help pay for quite a few new MGallery and Sofitel openings.
May 22, 2012, 8:13 am
#2
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Headline says it all. Completion expected in October. Accor press release here.
Should help pay for quite a few new MGallery and Sofitel openings.
Should help pay for quite a few new MGallery and Sofitel openings.
May 22, 2012, 8:30 am
#3
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Originally Posted by Denis Hennequin
in North America [...] we will remain present with luxury and upscale flagships under the Sofitel and Novotel brands [...]
This deal will provide Accor with additional resources to address the tremendous growth potential in the Asia Pacific region, in Latin America and in Europe
This deal will provide Accor with additional resources to address the tremendous growth potential in the Asia Pacific region, in Latin America and in Europe
May 22, 2012, 11:56 am
#4
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Hmm, Blackstone already owns Hilton and perhaps could position Motel 6 as a low end Hilton brand. Hampton Inns are no longer such, more mid-scale these days (especially on price).
May 22, 2012, 12:09 pm
#5
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They do indeed own Hilton (as well as La Quinta) but for the moment at least, according to their spokesperson as quoted in the press release, they are not planning to link the brands: "Motel 6 will be operated on a stand-alone basis".
May 26, 2012, 6:57 pm
#8
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It would be a huge mistake to try and link low-end properties like Motel 6 with any serious hotel brand.
May 27, 2012, 1:02 am
#9
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Headline says it all. Completion expected in October. Accor press release here.
Should help pay for quite a few new MGallery and Sofitel openings.
Should help pay for quite a few new MGallery and Sofitel openings.
May 27, 2012, 8:23 am
#10
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Yes: growth in Asia is clearly a very high priority -- and in Latin America (which Accor always talks about rather than just South America), so we should see more properties outside Brazil than has been the case up to now. More growth in Europe was also specifically mentioned in the press release. All-round good news!
Oct 2, 2012, 11:35 am
#11
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Motel 6 sale completed as planned, according to today's press release.