Acquisition History / OYO (Oravel Stays Ltd) / G6 Hospitality LLC (Motel 6, Studio 6)
OYO (Oravel Stays Ltd) Acquires G6 Hospitality LLC (Motel 6, Studio 6)
Announced September 21, 2024 — $525M
What happened
India's OYO agreed to buy G6 Hospitality, franchisor of the Motel 6 and Studio 6 US budget hotel brands, from Blackstone Real Estate for $525 million in cash. G6's franchise network generates about $1.7 billion of gross room revenues. The acquisition, OYO's largest US move, completed in December 2024.
- Acquirer
- OYO (Oravel Stays Ltd)
- Target
- G6 Hospitality LLC (Motel 6, Studio 6)
- Announced
- September 21, 2024
- Price
- $525M
- Industry
- Budget hotels / lodging franchising
- Buyer type
- Strategic acquirer
- Backing investors
- Blackstone Real Estate (seller)
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did OYO (Oravel Stays Ltd) acquire G6 Hospitality LLC (Motel 6, Studio 6)?
OYO (Oravel Stays Ltd) acquired G6 Hospitality LLC (Motel 6, Studio 6) on September 21, 2024. This was OYO (Oravel Stays Ltd)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did OYO (Oravel Stays Ltd) pay for G6 Hospitality LLC (Motel 6, Studio 6)?
OYO (Oravel Stays Ltd) paid $525M for G6 Hospitality LLC (Motel 6, Studio 6).
What does G6 Hospitality LLC (Motel 6, Studio 6) do?
India's OYO agreed to buy G6 Hospitality, franchisor of the Motel 6 and Studio 6 US budget hotel brands, from Blackstone Real Estate for $525 million in cash. G6's franchise network generates about $1.7 billion of gross room revenues. The acquisition, OYO's largest US move, completed in December 2024.
What other Budget hotels / lodging franchising companies has OYO (Oravel Stays Ltd) acquired?
G6 Hospitality LLC (Motel 6, Studio 6) is OYO (Oravel Stays Ltd)'s only publicly tracked acquisition in Budget hotels / lodging franchising so far.