Photo Courtesy of G6 Hospitality
Carrollton-based G6 Hospitality, which offers nearly 1,500 lodging locations under the Motel 6 brand and the Studio 6 Extended Stay brand in the United States and Canada, will be acquired by Oravel Stays in a $525 million cash deal.
Oravel, the New Delhi, India-based parent company of the global travel technology company OYO, made the deal with Blackstone Real Estate G6’s parent company, a press release stated. It’s expected to close before the end of the year.