OYO to acquire G6 from Blackstone for $525M
Hotel Business
SEPTEMBER 21, 2024
Oravel Stays, the parent company of the global travel technology company OYO, has agreed to acquire G6 Hospitality, parent company of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. “This acquisition is a significant milestone for a startup company like us to strengthen our international presence.
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