The budget hotel chain Motel 6 was sold to the Indian hotel start up firm that operates OYO hotels for $525 million in a cash transaction.

Motel 6 and Studio 6 currently have roughly 1,500 hotels across the United States and Canada, Blackstone said. Gautam Swaroop, ... At the Small Business Administration, ...

The budget hotel chain Motel 6 was sold to the Indian hotel start up firm that operates OYO hotels for $525 million in a cash transaction.

Motel 6, the economy budget motel that has existed for six decades, announced that it will be acquired by Oyo, an Indian-based travel company, in a multi-million dollar sale. But there is no need ...

India-based hotel operator OYO is acquiring Motel 6's parent company, G6 Hospitality, for $525 million in an all-cash transaction, according to a release from Blackstone Real Estate. Oravel Stays ...

Tom Bodett, known for his radio and TV ads telling travelers that at Motel 6 "we'll leave the light on for you," has sued the motel chain for using his name and voice without permission, after their ...

SOUTH LAKE TAHOE, Calif. – The boarded up and chain-linked Motel 6 site that’s headed towards restoration was a topic at the City of South Lake Tahoe’s City Council meeting on Tuesday night ...

The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6’s parent company ...

Motel 6 parent co. to be bought for $525M. expand. G6 Hospitality is the owner of the Motel 6 and Studio 6 budget lodging chains. Jake Dean. By Lauren McDonald – Contributing writer.