Motel 6 Sold to Indian Hotel Giant

India-based hotel giant Oyo has agreed to buy Motel 6 for $525 million, marking a significant step in its U.S. expansion.

Motel 6, known for budget-friendly lodging, has operated for 62 years with about 1,500 locations across the U.S. and Canada.

Blackstone, the New York investment firm that bought Motel 6 in 2012, is selling it, with the deal expected to close in the fourth quarter, the Wall Street Journal has reported.

read more: https://www.wsj.com/real-estate/commercial/motel-six-sold-oyo-indian-hotel-chain-ef3bfdf8

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

#Motel6