Blackstone to sell Motel 6 chain and its parent company for $525M
A hotel operator based in India is buying a classic piece of Americana — budget motel chain Motel 6. Oravel Stays, the parent company of global travel technology company Oyo, will pay current owner Blackstone $525 million for franchisor G6 Hospitality and its Motel 6 and Studio 6 extended-stay brands, the New York-based investment firm … Read more
