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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

OYO's India revenue has dropped to less than 12% of its total earnings as the US emerges as its largest market, driven by the $525 million acquisition of Motel 6 parent G6 Hospitality. Here's what the ...

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 ...

India based budget hotel firm OYO has made a big play for the US market. Oyo is set to acquire Motel 6 in a half-billion-dollar deal. Current owner Blackstone Real Estate said that it has agreed terms ...