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Accor sells Motel 6, Studio 6 brands to Blackstone Group affiliate
AH&LA SmartBrief | May 23, 2012
Accor has sold its North American budget brands Motel 6 and Studio 6 to an affiliate of Blackstone Real Estate Partners VII. The $1.9 billion sale includes 1,102 hotels throughout the U.S. and Canada. "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, where the leadership of our brands is one of the key drivers of our future growth," said Denis Hennequin, chairman and CEO of Accor. HotelNewsNow.com (05/22)
Hilton: Management pullout from Grand Wailea would cost millions
AH&LA SmartBrief | May 25, 2012
Bank acquires foreclosed luxury hotel in Sacramento, Calif.
AH&LA SmartBrief | May 29, 2012
Investment group may put 2 bankrupt hotels on the market
AH&LA SmartBrief | May 24, 2012
Divorce-hotel concept comes to the U.S.
AH&LA SmartBrief | May 29, 2012
Boutique-hotel restaurants can gain from partnering with noted chefs
AH&LA SmartBrief | May 29, 2012
Hospitality Properties will reflag 20 hotels under Wyndham brands
AH&LA SmartBrief | May 25, 2012
Japanese firm is considering sale of Hawaii hotel portfolio
AH&LA SmartBrief | May 25, 2012
Review: Room Key offers an appealing alternative to OTAs
AH&LA SmartBrief | May 23, 2012
Owners of Alex Hotel, Flatotel in NYC file for bankruptcy protection
AH&LA SmartBrief | May 23, 2012
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