PAI Partners to Take Majority Stake in Motel One (Correct)

PAI Partners agreed to buy a majority stake in Motel One, gaining control of a chain with hotels across Europe and the US.

The Paris-based private equity firm is taking an 80% stake in the business, it said in a statement Monday. Earlier in the day, Bloomberg News reported that such a deal would value the hotel operator at about €3.5 billion ($3.6 billion).

The purchase shows that European deals are picking up after a sluggish start to the year globally, in spite of lingering uncertainties ranging from the ongoing war in Ukraine to potential US tariffs. Several transactions ...