Font size: A A A A
Home > Supplier Information > Accommodation
Related topics: Accommodation,Central-South-America

Report: Motel 6 Begins Big Expansion in Latin America

March 9, 2015

motel 6Motel 6 is upgrading thousands of rooms and entering new markets in Latin America, where its parent company, G6 Hospitality, broke ground last month on its first hotel, reports The Wall Street Journal.

Blackstone Group, which acquired Motel 6 from Accor SA for $1.9 billion in 2012, is fueling the expansion. The previous owner, a French hotel operator, slowed investment in the brand after turning its focus elsewhere. Blackstone said at the time of the 2012 acquisition it would spend another $500 million to upgrade the existing properties, and it now expects to exceed that figure.

The New York investment firm sold $2 billion in a combination of commercial mortgage-backed securities and mezzanine debt last week as part of a refinancing. It values the hotel chain at nearly $3 billion.

What do you think of this $type?

This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held viagra bedeutung online apotheke at the Museum of London. This may take a second or two.