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Published 10:41 IST, September 21st 2024

OYO to acquire iconic Motel 6 brand in $525 million all-cash deal

The deal went through after Blackstone Inc. gave a go ahead to sell the company behind budget hotel brand Motel 6 to OYO.

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OYO FY24 net profit
OYO acquires US-based Motel 6-parent G6 Hospitality for $525 million | Image: Republic Business
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10:39 IST, September 21st 2024