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Blackstone cashes out through Motel 6 CMBS

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When the final slug of a US$1.8 billion Motel 6 mortgage bond deal sold last Thursday, the Blackstone Group took its US$626 million equity in the low-cost lodging chain off the table.

New York

WHEN the final slug of a US$1.8 billion Motel 6 mortgage bond deal sold last Thursday, the Blackstone Group took its US$626 million equity in the low-cost lodging chain off the table.

Some take a dim view of such large cashouts, particularly on far- flung properties still

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