OYO parent Oravel Stays to acquire Motel 6, Studio 6 from Blackstone paying $525 million in an all-cash deal

Oravel Stays, parent of OYO, will acquire G6 Hospitality, operator of Motel 6 and Studio 6, with the deal closing in Q4 2024. OYO aims to enhance these brands using its technology and distribution network, while maintaining their separate identities.
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