Extended Stay America Inc., the largest owner of mid-price long-stay hotels in the U.S., raised $565 million in an initial public offering, almost tripling the return on paper for its private-equity and hedge fund owners.
Extended Stay America Inc., the mid- price lodging chain owned by Blackstone Group LP, Centerbridge Partners LP and Paulson & Co., plans to raise as much as $593 million in its U.S. initial public offering.
Wayne Huizenga , who made multibillion dollar companies of Waste Management Inc. and AutoNation Inc., is back in the buy-and-build game. This time he is eyeing the $57 billion commercial cleaning business.
Billionaires Norman Braman and Miami Dolphins owner Stephen Ross are battling over whether state taxpayers should pay almost half the cost of a $400 million plan to fix up the football team’s home field.
A record of winning is the biggest asset John W. Henry ’s Boston Red Sox holding company brings to its pending purchase of Liverpool, according to the chairman of England’s most-successful soccer club.