Motel 6 sold to India-based OYO Hotels for $525 million: 'New chapter'

Published On Sep 21, 2024, 5:49 PM

OYO Hotels, an Indian hotel operator, has acquired Motel 6's parent company, G6 Hospitality, for $525 million in cash. This deal is expected to close in the fourth quarter of 2024. OYO, which operates over 320 hotels in the U.S. and has ambitious plans to expand its footprint, aims to leverage Motel 6's brand recognition and wide network in the U.S. hospitality market. The acquisition is seen as a significant step in strengthening OYO's presence in North America and enhancing its service offerings.