Summary
- Oravel Stays, parent company of Oyo, is buying Motel 6 for $525 million from Blackstone
- G6 Hospitality, owner of Motel 6 and Studio 6 brands, has generated over $1 billion in profit since Blackstone’s purchase in 2012
- Motel 6 has over 1,450 hotels in US and Canada while Studio 6 has more than 200 properties
- Oyo plans to add around 250 hotels to its portfolio this year