OYO acquires G6 hospitality for 525 million dollars, expands US footprint

Oravel Stays, the parent company of the global travel technology firm OYO, announced on Saturday that it is acquiring US-based G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash deal. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

G6 Hospitality, a leading economy lodging franchisor, is the parent company of the well-known Motel 6 and Studio 6 brands. The franchise network of Motel 6 generates gross room revenues of $1.7 billion, which provides a strong fee base and cash flow for G6.