The deal, valued at $525 million, will see Oyo's parent company, Oravel Stays, taking over G6 Hospitality, the parent company of Motel 6. The transaction will also include the sale of the Studio 6 motel brand, known for catering to individuals seeking extended stays. The deal is expected to be finalized by the end of the year.

Blackstone, which purchased Motel 6 and Studio 6 in 2012 for $1.9 billion, highlighted that the latest all-cash transaction stands as a profitable outcome for investors. Over the years, the private equity giant has heavily invested in the Motel 6 brand, converting it into a franchise model. Rob Harper, the head of Blackstone Real Estate Asset Management Americas, emphasized that the acquisition marked a significant milestone in the strategic business plan, resulting in substantial capital growth and profits for investors.

Oyo, the India-based hotel operator, has been steadily expanding its presence in the United States, operating 320 hotels across 35 states. With ambitious growth plans in mind, Oyo aims to add 250 more hotels in the country by the end of the year. Gautam Swaroop, Oyo's international division chief, expressed that the acquisition of Motel 6 signifies a crucial step in strengthening the company's international presence. Oyo, launched just over a decade ago in India, has swiftly scaled its operations globally, making strategic acquisitions like the current deal with G6 Hospitality to enhance its market reach.