Posted inBlackstone Group, The Hotels and Travel Lodgings India Mergers, Acquisitions and Divestitures Motel 6 Oyo (Oravel Stays Pvt Ltd) Private Equity
Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.
A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal.