News > Indian hospitality chain OYO acquiring North American budget hotel chain

Indian hospitality chain OYO acquiring North American budget hotel chain

OYO Hotels is acquiring the Motel 6 and Studio 6 chain with about 1,500 facilities across the US and Canada from the investment company Blackstone in a $525 million cash deal. With the acquisition of G6 Hospitality, the parent company of the two budget lodging chains, OYO's parent company Oravel Stays headquartered in Gurgaon, will become a major player in the US and Canadian hospitality industry that is already dominated by Indian Americans.