Latest Business News Highlights

OYO’s $525 Million Deal to Acquire G6 Hospitality: A Power Play in the U.S. Market

In a bold move to expand its presence in the United States, OYO has acquired G6 Hospitality, which includes the well-known Motel 6 and Studio 6 brands, for a whopping $525 million. This all-cash transaction solidifies OYO’s position in the competitive U.S. market and significantly boosts its portfolio, which currently spans over 320 hotels in 35 states.

The acquisition aligns with OYO’s ambitious growth plans, aiming to add 250 more hotels to its U.S. portfolio by 2024. By acquiring G6 Hospitality, OYO establishes itself as a major player in the economy lodging sector, further strengthening its influence in the hospitality industry.

This strategic move by OYO highlights the company’s commitment to expansion and innovation, setting the stage for a new chapter in its journey towards becoming a dominant force in the U.S. market. With this acquisition, OYO is poised to make a significant impact on the hospitality landscape and shape the future of the industry.