Bengaluru: Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its Ebitda to over ₹2,000 crore in FY26, the travel-tech startup said in a statement on Monday. The transaction is expected to add about 1,500 …
Oravel Stays, the parent company of the global travel technology firm OYO, announced on Saturday that it is acquiring US-based G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash deal. G6 Hospitality, a leading economy lodging franchisor, is the parent company of the well-known Motel 6 and Studio 6 brands. The franchise network of Motel 6 generates …
