America's most popular motel chain is sold to overseas buyer for $525 million

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America's most popular motel chain is sold to overseas buyer for $525 million

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An India-based hotel operator is to purchase America's most popular motel chain in a $525 million all-cash deal. The deal will see budget motel chain Motel 6 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 G6 Hospitality said the deal would be an all-cash transaction, with the deal expected to close by the end of the year.
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