OYO Hotels Acquires Motel 6 Parent G6 Hospitality from Blackstone for $525 Million
Under Blackstone, G6 Hospitality developed a franchise network of about 1,500 hotels in the U.S. and Canada.
The deal is expected to close in Q4 2024, pending customary conditions.
Blackstone Inc. has agreed to sell G6 Hospitality, the parent company of Motel 6 and Studio 6, to India’s OYO Hotels for $525 million in an all-cash deal.
OYO, which operates over 320 hotels across 35 US states, aims to leverage Motel 6's brand recognition and its own technology to drive growth.
Gautam Swaroop, CEO of OYO International, described the acquisition as a key milestone for expanding their international presence. Under Blackstone, G6 Hospitality developed a franchise network of about 1,500 hotels in the U.S. and Canada.
The deal is expected to close in Q4 2024, pending customary conditions. Goldman Sachs advised Blackstone on the transaction.
This acquisition aligns with OYO’s strategy to strengthen its foothold in the U.S. market and enhance its portfolio with established brands, promising to deliver improved value and offerings to guests while maintaining Motel 6's trusted identity.
