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 ...
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Oyo to Buy Motel 6 for $525 Million in U.S. Expansion Bid
Oyo will acquire the Motel 6 and Studio 6 hotel brands from Blackstone for $525 million in cash, the WSJ reported.
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