Oyo buys leading US hotel chain G6 Hospitality from Blackstone for $525mn

Oravel Stays, the parent company of the global travel technology company Oyo, on Saturday announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction.

Oyo has steadily expanded its footprint in the United States since its launch in the region in 2019, and currently operates over 320 hotels across 35 states.