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America's most popular motel chain is sold to overseas buyer for $525 million (WE HAVE GREAT ECONOMY) (www.dailymail.co.uk)

posted 60 days ago by brain_dead 60 days ago by brain_dead +42 / -0

America's most popular motel chain sold to overseas buyer for $525m

An India-based hotel operator is to purchase America's most popular motel chain in a $525 million all-cash deal which is expected to close by the end of the year.

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– brain_dead [S] 8 points 60 days ago +8 / -0

Notice Blackstone? I believe it's the same as BlackRock.

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▲ 3 ▼

– Yallqaeda 3 points 60 days ago +3 / -0

Same company IMHO

Totally Communist

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▲ 2 ▼

– brain_dead [S] 2 points 60 days ago +2 / -0

Yes. I thought it was Blackstone and purchased or merged.

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▲ 3 ▼

– HODLR 3 points 60 days ago +3 / -0

Yep they are related

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▲ 3 ▼

– AmateurExpert 3 points 60 days ago +3 / -0

Apparently, at 30 years old, Ritesh Agarwal owns 120,000 hotels.

Somehow he seems like a front man for someone else.

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▲ 2 ▼

– brain_dead [S] 2 points 59 days ago +2 / -0

They always have a front.

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