Indian hotel giant Oyo buys Motel 6 brand in $525M deal
Indian hotel giant Oyo will buy the company behind budget lodging brand Motel 6 from Blackstone Real Estate for $525 million in an all-cash deal. According to a statement, Oyo's parent company, Oravel Stays,
Motel 6 sold to India-based OYO Hotels for $525 million: 'New chapter'
OYO Hotels announced this week it is acquiring iconic brand Motel 6 in an all-cash transaction with G6 Hospitality, its parent company.
Motel 6 sold to Indian hotel operator Oyo for $525 million
The transaction will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays.
Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.
A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal.
Motel 6 Sold to Oyo, Indian Hotel Giant That Is Ramping Up in U.S.
Motel 6, one of America’s most recognizable lodging brands, has a new owner after an India-based hotel giant has agreed to buy it for $525 million. Oyo, the new owner, said on Friday it is making the acquisition as part of its plans for ramping up its U.
Blackstone to Sell Motel 6 Brand to Oyo in $525 Million Deal
Blackstone Inc. agreed to sell the company behind budget hotel brand Motel 6 to India’s Oyo Hotels for $525 million in an all-cash deal.
India’s Oyo acquires Motel 6 for $525M
One of India’s largest startups, budget hotel company Oyo, has reached a deal to acquire G6 Hospitality, which operates Motel 6. Oyo says it will pay Blackstone Real Estate $525 million in an all-cash transaction.
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