Blackstone Acquires Majority Stake in M3 in Partnership With AAHOA
NEW YORK, New York, and ATLANTA, Georgia—M3, LLC announced it has signed a definitive agreement for a majority investment from Blackstone Growth and affiliated funds. The investment will help to accelerate the company’s growth by enhancing new product expansion and supporting the adoption of M3’s software. AAHOA, representing nearly 20,000 hotel owners and 60 percent of hotels across the United States, will make its first strategic investment alongside Blackstone. Founded in 1998 by John McKibbon […]
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