Paul Hastings Advises J.P. Morgan and Credit Suisse in China Hotel Sector Acquisition Financing
Hong Kong (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.
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