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Indian hotel giant Oyo buys Motel 6 brand in $525M deal
Indian hotel giant Oyo will buy the company behind budget lodging brand Motel 6 from Blackstone Real Estate for $525 million in an all-cash deal. According to a statement, Oyo's parent company, Oravel Stays,
Motel 6 Sold to Oyo, Indian Hotel Giant That Is Ramping Up in U.S.
Blackstone agrees to sell one of America’s most recognizable lodging chains for $525 million.
Motel 6 Sold to Indian Hotel Operator for $525 Million
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India
Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.
A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal.
India’s Oyo acquires Motel 6 for $525M
One of India’s largest startups, budget hotel company Oyo, has reached a deal to acquire G6 Hospitality, which operates Motel 6. Oyo says it will pay Blackstone Real Estate $525 million in an all-cash transaction.
Oyo to buy iconic hotel chains Motel 6 and Studio 6 for $525 million for US expansion
Oyo agreed to purchase the iconic US hotel chains Motel 6 and Studio 6 with around 1,500 locations in the US and Canada from Blackstone Real Estate
Oyo to Buy Motel 6 for $525 Million in U.S. Expansion Bid
Oyo will acquire the Motel 6 and Studio 6 hotel brands from Blackstone for $525 million in cash, the WSJ reported.
8h
'The Perfect Couple's Shocking Finale Left Me Begging for More—And Asking One Giant Question
Warning: Spoilers ahead* Hold on to your popcorn, because Netflix's The Perfect Couple left viewers with more drama than we ...
3h
on MSN
Giant Lizard on Track Causes Delay at Formula 1 Practice Race in Singapore
The Formula 1 series is set to make its annual trip to Singapore at the Marina Bay Street Circuit on Sunday, which means ...
7h
Giant sinkholes in a South Dakota neighborhood make families fear for their safety
Families in a South Dakota neighborhood are fearing for their safety as sinkholes have appeared around their homes in the ...
17h
Energy giant abandons ‘blue hydrogen’ plans
Norwegian energy giant Equinor has scrapped plans to produce so-called blue hydrogen, citing high costs and insufficient ...
4h
Giant sinkholes in a South Dakota neighborhood leave some families "panicked and stuck"
About 150 neighbors from the Hideaway Hills subdivision sued the state for $45 million to cover the value of their homes and ...
9h
Scientists Spot Giant Black Hole Destroying Galaxy
Strange Universe Like a parasite sucking the life force out of its host, an international group of scientists have determined ...
5h
Giant sinkholes in South Dakota neighborhood make families fear for their safety
Sinkholes are fairly common, due to collapsed caves, old mines or dissolving material, but the circumstances in South Dakota ...
14h
NASA's flying to an ocean world. Its spacecraft is giant.
Planetary scientists are confident this moon of Jupiter harbors a deep ocean. A looming question is whether it hosts the ...
3h
Canadian Entertainment Giant Makes A Play For The Middle East
The UAE has solidified its status as a leading themed entertainment hub by opening the first site outside North America of ...
8h
Escaped giant rodent caught after four days on the run
A giant rodent may be the stuff of nightmares for some people, but in the case of Cinnamon the capybara its owners were ...
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