Motel 6, known for its bare-bones motel rooms, low prices and blue sign emblazoned with a red "6," has been sold for $525 million to an India-based hotel operator Oyo, Blackstone Real Estate has ...

The New York-based investment firm Blackstone, which owns Motel 6’s parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth $525 million.

G6 has a large stake in the economy lodging market, with gross room revenue of $1.7 billion per year. Motel 6’s franchise network includes more than 1,450 hotels in 49 states and five Canadian ...

The budget hotel chain Motel 6 was sold to the Indian hotel start up firm that operates OYO hotels for $525 million in a cash transaction. $3,500 iPhone possible? What to know 📋 How to talk ...

A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal.