Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.
A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal. [Source]
Publication Date:Origin: nytimes.com
Category: Mergers, Acquisitions and Divestitures
Topics: Motel, all-cash, million, giant, equity, private, Blackstone, owned, years, chain, roadside, Expanding, Company, Hotel, Indian
Source: https://www.nytimes.com/2024/09/20/business/motel-6-oyo-blackstone.html