OYO to acquire G6 Hospitality, parent company of Motel 6, for $525 million in all-cash deal, expanding US footprint.

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IPO-bound travel tech platform OYO on Saturday announced it has agreed to acquire iconic American budget hotel chain Motel 6 ...

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After a unanimous vote, the Montrose City Council members approved a ballot measure that could raise the city’s lodging tax from 0.9% to 6%.

OYO has agreed to acquire G6 Hospitality, the operator of Motel 6 and Studio 6, for $525 million in an all-cash transaction.