Blackstone, the renowned private equity firm, has agreed to sell Motel 6, the well-known American budget hotel chain, to Oyo for $525 million in cash. This significant acquisition, reported by The Wall Street Journal, represents Oyo’s strategic expansion into the U.S. hospitality market and marks the conclusion of Blackstone’s decade-long ownership of the Motel 6 brand. Motel 6, famous for its affordable lodging options, aligns well with Oyo’s business model, which focuses on budget-friendly accommodations. This move not only enhances Oyo’s portfolio but also provides an opportunity for the company…
Oyo’s $525M G6 Deal Indicates a Focus on Global Expansion before IPO
