Oyo Acquires US Hospitality Chain with 1,500 Motels for $525 Million
Sep 21, 2024
In a move to enhance its international footprint, Oyo’s parent company, Oravel Stays, is acquiring the Motel 6 and Studio 6 chain, which comprises approximately 1,500 properties across the US and Canada, from investment firm Blackstone for $525 million in cash. This acquisition