OYO parent company Oravel Stays will acquire Motel 6 and Studio 6 from Blackstone Group for $525 million in all cash
Oyo’s parent company Oravel Stays has agreed to acquire US budget hotel chain G6 Hospitality, which owns the “iconic” Motel 6 and Studio 6 brands, from Blackstone Real Estate in an all-cash deal worth $525 million, PTI reported. The move comes ahead of Oyo’s plans for a possible IPO and as the company looks to