Motel 6 owner Blackstone sells chain to
Indian hotel startup for $525 million
Posted By: NorthernDog, 9/22/2024 7:10:36 PM
An Indian hospitality technology firm is set to buy Motel 6, the motel chain's parent company announced Friday. In a press release, Blackstone Real Estate said that it came to terms with Oravel Stays to take over G6 Hospitality, the umbrella brand that includes Motel 6 and Studio 6, in a $525 million transaction for the budget lodging chain. Based in Gurgaon in northern India, Oravel Stays operates hotels under the OYO brand, and says that the G6 companies will remain separate. "This acquisition is a significant milestone for a startup company like us to strengthen our international presence," Gautam
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Democrats, and some Republicans
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Game Fails Miserably, While Trump Is Cheered Wildly 26 replies
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of his campaign to adulation of college
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‘no-show’ DOE job 20 replies
worth of luxe trips, accused of having
‘no-show’ DOE job 20 replies
Mayor Adams’ longtime girlfriend Tracey Collins, a highly paid “senior advisor” in the city Department of Education, joined Hizzoner on $45,000 worth of ritzy trips — and allegedly hasn’t shown up for work in nearly a year, according to complaints filed this week.
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Comments:
You'd think the entire chain would be worth more than that. They have over 1,400 locations.