{"id":858547,"date":"2024-09-23T08:59:21","date_gmt":"2024-09-23T03:29:21","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=858547"},"modified":"2024-09-23T08:59:50","modified_gmt":"2024-09-23T03:29:50","slug":"us-motel-6-sold-to-hotel-operator-oyo-for-525-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/23\/us-motel-6-sold-to-hotel-operator-oyo-for-525-million\/","title":{"rendered":"US\u2019 Motel 6 sold to hotel operator Oyo for $525 million"},"content":{"rendered":"<p>The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. <\/p>\n<p>The New York-based investment firm Blackstone, which owns Motel 6\u2019s parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth USD 525 million. <\/p>\n<p>The transaction will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays. The deal is expected to close by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6\u2019s parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth USD 525 million. The transaction will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays. The deal is expected to close by the end of the year.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-858547","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/858547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=858547"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/858547\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=858547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=858547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=858547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}