Latest Placement Classifieds,Free Classified Ads,Buy Sell Classified Ads Market Oyo to acquire G6 Hospitality from Blackstone in $525 million deal

Oyo to acquire G6 Hospitality from Blackstone in $525 million deal

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OYO, a travel tech platform, announced its agreement to acquire Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million. The acquisition is set to close in the fourth quarter of 2024. OYO aims to enhance these brands using its technology and marketing expertise while maintaining their iconic status.

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