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OYO acquires G6 Hospitality from Blackstone Real Estate

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Published on 23/09/24 - Updated on 23/10/24

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Oravel Stays, the parent company of Indian hospitality giant OYO, has committed to purchasing G6 Hospitality, the franchise operator of Motel 6 and Studio 6 brands, from Blackstone Real Estate. The all-cash transaction is valued at $525 million.

This acquisition reflects OYO’s strategic intent to strengthen its position as a major player in the budget hospitality market, particularly in the U.S., which is known for being difficult to penetrate. OYO, present in the U.S. since 2019, currently operates more than 320 hotels across 35 states. In...

OYO
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OYO

Hotel chain

  • OYO India
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G6 Hospitality
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G6 Hospitality

Hotel Group

  • G6 Hospitality United-States
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