India’s Oyo acquires Motel 6 for $525M

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 transaction. The acquisition also includes the Studio 6 extended stay brand and is expected to close in the fourth quarter of […] © 2024 TechCrunch. All rights reserved. For personal use only.

Sep 22, 2024 - 01:00
India’s Oyo acquires Motel 6 for $525M

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 transaction. The acquisition also includes the Studio 6 extended stay brand and is expected to close in the fourth quarter of […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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