A hotel operator based in India is buying a classic piece of Americana — budget motel chain Motel 6. Oravel Stays, the parent company of global travel technology company Oyo, will pay current owner Blackstone $525 million for franchisor G6 Hospitality and its Motel 6 and Studio 6 extended-stay brands, the New York-based investment firm … Read more
The National Football League will reportedly approve a new rule allowing team owners to sell a piece of their franchises to private equity firms — setting the stage for a potential windfall that could drive up the value of clubs by billions of dollars. The owners, who began their annual meeting on Tuesday, are weighing … Read more
A former Goldman Sachs analyst was sentenced to 28 months behind bars on Wednesday for insider trading, admitting that his conduct was “catastrophically stupid.” Anthony Viggiano, 27, who also worked for Blackstone, pleaded guilty in January to securities fraud after the Baldwin, Long Island, man was accused of tipping off two friends on eight transactions that … Read more
Blackstone CEO Stephen Schwarzman confirmed Friday he will support Donald Trump in his White House rematch with President Biden. As The Post first reported on Sunday, Schwarzman, one of the biggest political donors on Wall Street, was seriously considering backing Trump as antisemitism spreads around the country, especially on college campuses. Stephen Schwarzman, one of … Read more
