According to a report from Bloomberg, Blackstone’s real estate arm is once again exploring a sale of G6 Hospitality, according to people with knowledge of the matter.
The company is in the early stages of soliciting interest from potential suitors in G6 Hospitality, which owns both Motel 6 and Studio 6, the people said, asking not to be identified discussing private details. Blackstone tested buyer interest for G6 Hospitality in late 2021. That effort, which didn’t result in a transaction, may have valued the budget brand’s holding company at more than $1 billion, Bloomberg News reported at the time.
Blackstone acquired the business from Accor in 2012 as part of a $1.9 billion deal.