OYO to buy US budget hotel brands from Blackstone in $525 million deal

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The deal will boost OYO's expansion in the US, a market where it has been building its presence for the past 5 years.to Baking Bread

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OYO plans to add another 250 hotels to its US portfolio, which currently spans over 320 hotels across 35 states.

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G6 Hospitality will continue to operate as a separate entity post the acquisition.

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Under Blackstone’s ownership, the Motel 6 brand was transformed into an asset-light lodging company.

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OYO to buy US budget hotel brands from Blackstone in $525 million deal

The deal will boost OYO's expansion in the US, a market where it has been building its presence for the past 5 years.to Baking Bread

OYO plans to add another 250 hotels to its US portfolio, which currently spans over 320 hotels across 35 states.

G6 Hospitality will continue to operate as a separate entity post the acquisition.

Under Blackstone’s ownership, the Motel 6 brand was transformed into an asset-light lodging company.

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