Simpson Thacher Reps Home Inns In $470M Motel 168 Deal

Law360, New York (May 27, 2011, 2:24 PM EDT) -- Home Inns & Hotels Management Inc. on Friday announced the expansion of its China-wide network of economy hotels with the $470 million acquisition of Motel 168 International Holdings Ltd.

Home Inns’ strategic buyout of former rival Motel 168 will create the most comprehensive economy hotel operation in China, adding 281 hotels to its 848 other locations in 150 cities across China, according to Home Inns.

The $470 million deal will involve $305 million in cash and more than 8 million shares of Home Inns stock. Home...
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