The Residence Inn in San Mateo could become 555 units of housing under a new proposal from Chatham Lodging Trust.

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.

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.