Motel One not for sale; IPO possible for eventual investor exit
Motel One, the German budget hotel chain, is not for sale, Euro am Sonntag reported. In a brief interview the German weekly asked Motel One founder and Chief Dieter Mueller if there was a price for which he would sell. Mueller said he is not prepared to sell and questioned what he would do with the money should he sell for the company's approximate EUR 1bn valuation.
Asked when Motel One will float, Mueller said Morgan Stanley has invested in the company via an investment fund and he regularly asks if it is considering an exit. Morgan Stanley has not indicated it is ready to exit as yet, Mueller confirmed, and stated an IPO would be an option when the fund does decide to exit.
Source Euro am Sonntag