Blackstone Inc. in the News
Motel 6 sold to India-based OYO Hotels for $525 million: 'New chapter'
OYO Hotels announced this week it is acquiring iconic brand Motel 6 in an all-cash transaction with G6 Hospitality, its parent company.
Blackstone set to purchase Tropical Smoothie Cafe for nearly $2 billion
Blackstone is entering an agreement with Tropical Smoothie Cafe, which started in 1997 in Destin, Florida, to purchase the food chain for nearly $2 billion.
Blackstone paying $2.3 billion to acquire Rover
Blackstone will shell out $11 per share to acquire Rover and turn the pet care services platform back into a private company, according to a Wednesday press release.
Blackstone CEO says remote workers don't work as hard
Billionaire Blackstone CEO Stephen Schwarzman said this week employees slack off when working from home, arguing they "profit" from working remotely.
Prologis buying $3.1B industrial property portfolio from Blackstone
The portfolio includes nearly 14 million square feet in about 70 properties in Atlanta, California, Dallas, south Florida and the Washington, D.C., and New York regions.
Private equity crackup looming amid higher interest rates and escalating losses
Major private equity firms including Apollo and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.
Blackstone to invest up to $250 million in Autolus Therapeutics of U.K.
Blackstone Inc. is investing as much as $250 million in U.K. biotechnology company Autolus Therapeutics PLC to fund the final stages of development of a new therapy to treat a serious form of leukemia, the companies said.
Blackstone buying majority stake in Spanx
Blackstone Inc. is buying a majority stake in Spanx Inc., becoming the first outsider to put money into a company that revolutionized women’s shapewear.
Blackstone enters deal to buy Home Partners of America for $6 billion
Blackstone Real Estate Income Trust has entered into an agreement to acquire Home Partners of America (HPA). The deal values HPA, which owns a portfolio of over 17,000 single-family homes which are offered to tenants to rent out and eventually purchase, at $6 billion.
O.J. Simpson settlement with Las Vegas hotel will go to Ron Goldman's family: reports
A settlement reached between O.J. Simpson and The Cosmopolitan hotel of Las Vegas must go to the family of Ron Goldman, the man who was murdered along with Simpson’s ex-wife in Los Angeles in 1994, a court has ruled.