Indian Hospitality Startup OYO Acquires Motel 6 for $525 Million

Blackstone Real Estate sells G6 Hospitality, the parent company of Motel 6 and Studio 6, to OYO in an all-cash deal expected to close by year-end.

OYO, an 11-year-old Indian hospitality startup, is acquiring Motel 6 and Studio 6 from Blackstone Real Estate for $525 million.
The deal allows OYO to significantly expand its presence in the U.S., where it currently operates 320 hotels across 35 states.
Blackstone had purchased Motel 6 and Studio 6 in 2012 for $1.9 billion and converted the chain into a franchise-based operation.
OYO plans to maintain Motel 6 as a separate entity, leveraging its strong brand recognition and financial profile.
The acquisition is seen as a strategic move for OYO as it repositions itself for a potential IPO in India.