Motel 6 sold to Indian hotel operator for $525 million
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India.
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.
@ReneeVoiceBrand Yay, more rich people trading things people need like trading cards...
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I am so old I remember when Motel 6 cost $6 a night.
@AlphaCentauri @AskTheDevil I KNOW!!!! I remember those prices too😱