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OYO to acquire iconic hotel chains Motel 6 and Studio 6 for $525 million in US expansion bid

OYO to acquire iconic hotel chains Motel 6 and Studio 6 for $525 million in US expansion bid

Sep 21, 2024, at 06:45 pm

New Delhi/IBNS: Indian homegrown hospitality giant Oyo is set to acquire Motel 6, one of the most well-known budget hotel chains in the United States, for $525 million from Blackstone's real estate division.