OYO Acquires Iconic Motel 6 Brand in $525 Million Deal, Eyes US Expansion
OYO to acquire Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million, expanding its US presence.
OyoMotel 6Blackstone Real EstateUs ExpansionHospitality IndustryReal EstateSep 21, 2024
The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions. Motel 6's franchise network produces gross room revenues of USD 1.7 billion, generating a strong fee base and cash flow for G6.
OYO will leverage its comprehensive technology suite, global distribution network, and marketing expertise to strengthen the Motel 6 and Studio 6 brands and drive continued financial growth.
Since its launch in the US in 2019, OYO has steadily expanded its footprint, operating over 320 hotels across 35 states. In 2023, the company added nearly 100 hotels to its US portfolio and aims to add about 250 hotels in 2024.
Frequently Asked Questions
What is the acquisition amount of Motel 6 by OYO?
$525 million
What is the expected closing date of the acquisition?
Fourth quarter of 2024
How many hotels does Motel 6 have in its franchise network?
Close to 1,500 hotels across the US and Canada
What is the revenue generated by Motel 6's franchise network?
USD 1.7 billion
How many hotels does OYO operate in the US?
Over 320 hotels across 35 states
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