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Blackstone to sell Motel 6 chain and its parent company for $525M

An India-based hotel management company is acquiring Motel 6, a leading American budget motel chain. Olabel Stays, the parent company of global travel technology company Oyo, has announced that it will acquire franchisor G6 Hospitality and its extended-stay brands Motel 6 and Studio 6 for $525 million to current owner Blackstone. Blackstone, the New York-based […]

Firms jostle to sell alternative assets to wealthy investors – Financial Times

The race is on to sell unlisted assets to wealthy private investors. Leading custody bank BNY on Monday announced plans for a platform that will make it easier for financial advisers to buy and manage investments across a range of well-known private equity, private debt and infrastructure companies for their clients. This follows three highly […]

Trump Media stock jumps after former president says he won’t sell his shares

Liam Donovan, a strategist at Associated Builders & Contractors, wrote in The Bottom Line that many businesses are worried about the expiration of President Trump's tax cuts. Stock Trump Media and Technology Group The stock surged on Friday after former President Trump vowed not to sell his stake in the company. Trump Media is the […]

Big Lots files for bankruptcy, to sell assets to buyout firm

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection after struggling with declining consumer spending and sluggish sales. The Columbus, Ohio-based company plans to sell its assets and ongoing operations to private equity firm Nexus Capital Management. Big Lots, which sells furniture, home decor and other products, said in a statement on Monday […]

State finance bigs rip Brad Lander for pushing retailers to sell abortion pill

Chief financial officers from 14 conservative states on Monday blasted City Comptroller Brad Lander for pressuring major U.S. retailers to sell the abortion drug mifepristone “without delay.” Lander Wrote several letters In July, it called on the CEOs of major pharmacies and retailers, including Walmart, Costco, Kroger, Albertsons and healthcare company McKesson, to begin distributing […]