Simpson Thacher Represents Home Inns in Proposed US$470 Million Acquisition of Motel 168
05.31.11
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The Firm is representing Home Inns & Hotels Management Inc. (Nasdaq: HMIN) (“Home Inns”) in connection with its announced acquisition of Motel 168 International Holdings Limited (“Motel 168”) for a total of US$470 million in cash and ordinary shares. The transaction is expected to close, subject to customary closing conditions and Chinese regulatory approvals, in the fourth quarter of 2011.
Home Inns is a leading economy hotel chain in China, and Motel 168 is one of the major branded economy hotel operators with 144 leased-and-operated locations and 137 franchised-and-managed hotels across China.
The Simpson Thacher team includes Doug Markel, Liang Wang and Spencer Yee (M&A), Leiming Chen and Dan Fertig (Capital Markets) and Makiko Harunari (Credit).