Articles for tag: Acquisition, Announces, Enhancing, Hospitality, Innovative, Million, Motel, OYO, Presence, Promising, Solutions, Travelers

OYO announces $525 million acquisition of Motel 6, enhancing its US presence and promising innovative hospitality solutions for travelers.

OYO, an IPO-bound travel tech platform based in India, has agreed to buy the Motel 6 and Studio 6 hotel brands from Blackstone Real Estate for $525 million in an all-cash deal. This acquisition aims to enhance OYO’s presence in the US Market, where it currently operates over 320 hotels. The deal is expected to ...