OYO to Acquire G6 Hospitality from Blackstone Real Estate: Strengthening Global Travel Technology Presence

Global travel technology company OYO announced today that it has reached an agreement to acquire G6 Hospitality from Blackstone Real Estate. This acquisition marks a significant move for OYO as it expands its presence in the hospitality industry.

G6 Hospitality is the parent company of the iconic budget hotel brands Motel 6 and Studio 6. With over 1,400 locations across North America, G6 Hospitality has established itself as a leader in the economy lodging sector.

OYO, on the other hand, is a rapidly growing technology-driven hospitality company that offers a wide range of accommodations, from budget hotels to luxury resorts. With a presence in over 80 countries, OYO has quickly become a household name in the travel industry.

The acquisition of G6 Hospitality will further strengthen OYO’s position in the market, allowing the company to offer a more diverse range of accommodations to its customers. This move is part of OYO’s larger strategy to expand its footprint in North America and establish itself as a key player in the region.

Commenting on the acquisition, Ritesh Agarwal, Founder and Group CEO of OYO, said, “We are thrilled to welcome G6 Hospitality to the OYO family. This acquisition will not only enhance our offerings in North America but also accelerate our growth in the region. We look forward to working closely with the G6 Hospitality team to create a seamless experience for our guests.”

The acquisition is subject to regulatory approvals and is expected to be completed in the coming months. Stay tuned for more updates on this exciting development in the hospitality industry.