Try our Advanced Search for more refined results

Deals Rumor Mill: Blackstone, Rio Tinto, Globe Tower

By Karlee Weinmann (August 6, 2013, 5:14 PM EDT) -- New York private equity mainstay Blackstone Group LP is contemplating a sale of budget hotel chain La Quinta Inns & Suites that could bring in as much as $4.5 billion, the Wall Street Journal reported on Tuesday. The firm has tapped JPMorgan Chase & Co. and Morgan Stanley to help it evaluate a prospective sale and also explore the possibility of an initial public offering in a dual-track process. Either move would hack down Blackstone's stake in the chain, which it took private seven years ago in a $3.4 billion deal. La Quinta, with more than 550 hotels in 39 states, is one of the largest operators of budget lodging in the U.S....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!