India's Oyo acquires Motel 6
Motel 6 chain sold for $525 million
Motel 6, known for its bare-bones motel rooms, low prices and blue sign emblazoned with a red "6," has been sold for $525 million to an India-based hotel operator Oyo, Blackstone Real Estate has announced.
Motel 6 Sold to Oyo, Indian Hotel Giant That Is Ramping Up in U.S.
Motel 6, one of America’s most recognizable lodging brands, has a new owner after an India-based hotel giant has agreed to buy it for $525 million. Oyo, the new owner, said on Friday it is making the acquisition as part of its plans for ramping up its U.
Oyo Acquires Iconic US Hotel Chain ‘Motel 6’ For Rs. 4,350 Crore
Oyo Rooms might've seen its valuation slashed in recent times, but that doesn't seem to have dampened its international aspirations. Oyo Rooms has agreed to acquire G6 Hospitality, the parent company
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
Oyo buys US motel chain ‘Motel 6’ from BlackStone for $525Mn
Oyo, the $10Bn Indian budget hotel upstart, has acquired US/Canada-based Motel 6 from Blackstone group in an all-cash $525Mn deal.
Oyo Acquiring US Hospitality Chain With 1,500 Motels For $525 Million
Boosting its international presence, Indian hospitality major Oyo's parent company Oravel Stays is acquiring Motel 6 and Stud
Oyo to buy iconic hotel chains Motel 6 and Studio 6 for $525 million for US expansion
Oyo agreed to purchase the iconic US hotel chains Motel 6 and Studio 6 with around 1,500 locations in the US and Canada from Blackstone Real Estate
Motel 6 owner Blackstone sells chain to Indian hotel startup for $525 million
The budget hotel chain Motel 6 was sold to the Indian hotel start up firm that operates OYO hotels for $525 million in a cash transaction.
Motel 6 Sold to Indian Hotel Operator for $525 Million
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India
Indian hotel giant Oyo buys Motel 6 brand in $525M deal
Indian hotel giant Oyo will buy the company behind budget lodging brand Motel 6 from Blackstone Real Estate for $525 million in an all-cash deal. According to a statement, Oyo's parent company, Oravel Stays,
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OYO-ZO Rooms’ Battle: Court Rejects ZO Rooms’ Petition On Grounds Of Jurisdiction
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Mobile Is The New Desktop: OYO Launches Its App, OYO Rooms
OYO Rooms is India’s largest network of technology- enabled budget hotels. It currently operates in 15 major business and travel destinations including Delhi, Mumbai, Bangalore, Hyderabad, Pune ...
OYO Rooms fined Rs 1L for not delivering rooms
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