Transaction, New Delhi•Dallas | Pour 525 M$, OYO va acquérir G6 Hospitality (Motel 6, Studio 6) auprès de Blackstone Real Estate
🏨 OYO, launched in the US in 2019, operates over 320 hotels in 35 states. In 2023, they added nearly 100 hotels to their American portfolio and plan to add about 250 in 2024. The Motel 6 franchise network, part of G6, generates $1.7 billion in gross revenue. OYO aims to leverage its technology suite and marketing expertise to drive growth for Motel 6 and Studio 6 brands. The acquisition, led by OYO International CEO Gautam Swaroop, is significant for OYO's international presence. Blackstone invested in Motel 6 to transform it into a leading low-cost lodging company with around 1,500 franchise hotels in the US and Canada. The deal is expected to close in Q4 2024.
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