Blackstone to sell Motel 6 chain and its parent company for $525M
An India-based hotel management company is acquiring Motel 6, a leading American budget motel chain. Olabel Stays, the parent company of global travel technology company Oyo, has announced that it will acquire franchisor G6 Hospitality and its extended-stay brands Motel 6 and Studio 6 for $525 million to current owner Blackstone. Blackstone, the New York-based […]