Motel 6 Sold to Indian Hotel Operator Oyo for $525 Million

The acquisition by Oyo includes the Studio 6 brand and is set to close by the end of 2024.

Oyo, an Indian hotel operator, will acquire G6 Hospitality, the parent company of Motel 6 and Studio 6, in an all-cash deal.
The $525 million transaction is expected to close in the fourth quarter of 2024.
Motel 6 has a strong franchise network with around 1,500 locations in the U.S. and Canada, generating $1.7 billion in annual gross room revenues.
Oyo plans to leverage its technology and global distribution network to enhance the Motel 6 and Studio 6 brands.
Blackstone, which bought Motel 6 in 2012 for $1.9 billion, has significantly invested in the brand, transforming it into a franchise model and generating over $1 billion in profit.