Oyo acquires US hotel chain Motel 6 and Studio 6 from Blackstone Real Estate for $525 million

Oyo, the travel technology platform, is acquiring the American budget hotel chain Motel 6 and Studio 6 from Blackstone Real Estate for $525 million in an all-cash transaction. The deal is part of Oyo’s efforts to expand in the US.

The transaction will see Oravel Stays acquiring OG6 Hospitality, the economy lodging franchisor and parent company of Motel 6 and Studio 6 brands.