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
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Transaction Type
- Buyout
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