OYO, a global travel technology company owned by India-based Oravel Stays, has announced its acquisition of G6 Hospitality for $525 million in an all-cash deal. G6 Hospitality is the parent company of Motel 6 and Studio 6 brands based in Dallas and previously owned by Blackstone Real Estate.
Since launching in the U.S. market in 2019, OYO has steadily expanded its presence and currently operates over 320 hotels across 35 states. The franchise network for Motel 6 generates annual gross room revenues of $1.7 billion.
OYO plans to utilize its advanced technology suite and global distribution network along with marketing expertise to further enhance the success of both Motel 6 and Studio brands under their ownership.
Blackstone had invested significant capital into transforming Motel
