Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.

Published On Sep 20, 2024, 9:15 PM

Motel 6, a well-known budget hotel chain in the U.S., is being sold to the Indian hotel operator Oyo for $525 million in an all-cash deal. The acquisition is seen as a strategic move for Oyo to expand its presence in the U.S. market, as the company operates over 300 hotels domestically. Blackstone, the current owner of Motel 6, acquired it for $1.9 billion in 2012 and is reporting a successful outcome for its investors after tripling capital and generating significant profits during its holding period.