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Blackstone Group LP Explores $4.5 Billion La Quinta Sale-Reuters


Tuesday, 6 Aug 2013 12:56pm EDT 

Reuters reported that Blackstone Group LP is exploring a sale of La Quinta Inns & Suites, a budget hotel chain it values at around $4.5 billion. Blackstone has hired JPMorgan Chase & Co and Morgan Stanley to explore an outright sale of La Quinta. Blackstone declined to comment while representatives of La Quinta, JPMorgan and Morgan Stanley did not immediately respond to requests for comment. 

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