- Not blown away by the private bids coming in for La Quinta Inns & Suites, Blackstone (BX +2.2%) is leaning towards an IPO of the hotel chain, reports Bloomberg. Also a factor is the blistering IPO market in general, particularly, the 20% gain in Extended Stay America (STAY) since coming public two weeks ago.
- Sources say an IPO filing could come before the end of the year.
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