Blackstone, the private equity powerhouse, has agreed to sell Motel 6, the iconic American budget hotel chain, to Oyo, an Indian hotel operator, for $525 million in cash. The deal, reported by The ...

Indian budget hospitality giant Oyo, which entered the United States market in 2019, announced on Friday it would acquire from Blackstone Real Estate the economy hotel franchiser G6 Hospitality for ...

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 ...

The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6's parent company G6 ...

Indian budget hospitality giant Oyo's parent company, Oravel Stays, has finalized the $525 million acquisition of Motel 6 and Studio 6 parent G6 Hospitality from Blackstone Real Estate, the company ...

Photo Credit: A Studio 6 extended-stay hotel in Corpus Christi, Texas. G6 Hospitality. As Oyo takes the wheel at Motel 6, it’s not just revamping operations. By expanding beyond OTAs and focusing on ...

The Motel 6 in downtown Palm Springs, Calif. Photo Credit: G6 Hospitality Indian budget hospitality giant Oyo, which entered the U.S. market in 2019, announced on Sept. 20 it would acquire economy ...

Oyo, based in India, has tried for years to gain traction in the U.S., but it has claimed that competitors have played hardball. It's now betting that buying a network is its best way to gain scale ...

Mar. 10—People still staying at the OYO Hotel in Centralia — after the building was sold and their eviction was temporarily stayed — say the building's co-owner Ross Hubbard, managing director of ...