Reported about 15 hours ago
PAI Partners is reportedly close to acquiring an 80% stake in Motel One, valuing the hotel chain at approximately €3.5 billion ($3.6 billion). The founder, Dieter Müller, will continue as chairman while overseeing the development of the real estate division. Motel One operates 99 hotels across 13 countries and plans for the deal could be announced soon.
Source: YAHOO