SAN JOSE — A private equity firm’s quest to unload big chunks of its lodging portfolio has triggered the sales of at least four Motel 6 hotels in the South Bay, a review of public documents shows.
India-based hotel operator OYO is acquiring Motel 6's parent company, G6 Hospitality, for $525 million in an all-cash transaction, according to a release from Blackstone Real Estate. Oravel Stays, ...
OYO is a major hotel owner that late last year acquired Motel 6 from Blackstone Group for $525 million. It’s also nearly 50% ...
Oyo, based in India, has tried for years to gain traction in the U.S., but it has claimed that competitors have played hardball. It's now betting that buying a network is its best way to gain scale ...
(AP) - 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 ...
Photo Credit: A Studio 6 extended-stay hotel in Corpus Christi, Texas. G6 Hospitality. As Oyo takes the wheel at Motel 6, it’s not just revamping operations. By expanding beyond OTAs and focusing on ...
SAN JOSE — Texas-based real estate investors have scooped up a budget-friendly motel property in the South Bay, a deal that extends a private equity firm’s sales of its lodging sites. The 204-room ...
FRESNO, Calif. (KFSN) -- An investigation is underway after a fire at a Motel 6 in central Fresno left several people without a place to stay. The fire started at about 7:30 Monday night at the Motel ...
Blackstone is refinancing a portfolio of 106 Motel 6 and Studio 6 hotels across the country. The firm’s G6 Hospitality secured a $685 million commercial-backed securities loan from Goldman Sachs and ...
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