OYO (Oravel Stays) Acquires G6 Hospitality (Motel 6 & Studio 6) from Blackstone for $525M

September 21, 2024

Oravel Stays, the parent of global travel technology company OYO, agreed to acquire G6 Hospitality—the franchisor of Motel 6 and Studio 6—from Blackstone Real Estate in an all-cash transaction valued at $525 million. The purchase will expand OYO's U.S. footprint and leverage OYO's technology and distribution to strengthen the Motel 6 and Studio 6 brands; the deal is expected to close in Q4 2024.

Buyers
Oravel Stays (OYO)
Targets
G6 Hospitality (Motel 6 and Studio 6)
Sellers
Blackstone Real Estate
Location
Texas, United States
Transaction Type
Buyout

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