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Saturday, Sep 21, 2024

Oyo to buy iconic hotel chains Motel 6 and Studio 6 for $525 million for US expansion

Oyo agreed to purchase the iconic US hotel chains Motel 6 and Studio 6 with around 1,500 locations in the US and Canada from Blackstone Real Estate
The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley in New Delhi.
The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley in New Delhi.

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News business Oyo to buy iconic hotel chains Motel 6 and Studio 6 for $525 million for US expansion