Oyo to acquire G6 Hospitality from Blackstone Real Estate in a $525 million deal

OYO, a travel tech platform, announced its agreement to acquire Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million. The acquisition is set to close in the fourth quarter of 2024. OYO aims to enhance these brands using its technology and marketing expertise while maintaining their iconic status.

Sep 21, 2024 - 12:30

Oyo to acquire G6 Hospitality from Blackstone Real Estate in a $525 million deal

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OYO, a travel tech platform, announced its agreement to acquire Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million. The acquisition is set to close in the fourth quarter of 2024. OYO aims to enhance these brands using its technology and marketing expertise while maintaining their iconic status.