(October 3, 2011) Paul Hastings, a leading global law firm, announced today that it has advised a group of mandated lead arrangers, including J.P. Morgan and Credit Suisse, in providing acquisition financing to NASDAQ-listed Home Inns & Hotel Management Inc. (Home Inns) in connection with its purchase of Motel 168 International Holdings Ltd (Motel 168) from Morgan Stanley and related shareholders. Home Inns is Chinas largest operator of discount budget hotels, while Motel 168 is Chinas fifth largest operator. The US$470 million cash-and-stock deal includes approximately US$305 million in cash and approximately 8.2 million of Home Inns shares at US$20.185 per share.
The Paul Hastings team was led by partner Brett W. King
, who was supported by associates James Ma
and Adrian James
. Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.