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Home > Business > Industry > Hospitality > Hotels & Resorts > AAHOA welcomes OYO’s acquisition of G6 Brands

AAHOA welcomes OYO’s acquisition of G6 Brands

OYO acquired Motel 6 and Studio 6 brands from Blackstone for $525 million.

MarcaMoney
Last updated: September 30, 2024 10:22 PM
By MarcaMoney
AAHOA welcomes OYO's acquisition of G6 Brands
AAHOA welcomes OYO's acquisition of G6 Brands
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Asian American Hotel Owners Association (AAHOA), a hotel owners association, has welcomed OYO’s recent acquisition of G6 Hospitality, which includes Motel 6 and Studio 6 brands.

OYO’s acquisition of the Motel 6 and Studio 6 brands from Blackstone for $525 million positions the India-based hotel company for significant expansion in the U.S. market.

This acquisition signals a new chapter in the U.S. hospitality landscape. With an estimated 98% of G6 Hospitality properties owned by AAHOA Members, this landmark deal marks a promising opportunity for continued growth, collaboration, and innovation in the budget hotel sector.

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“AAHOA looks forward to building a robust relationship with OYO, ensuring the continued success of the Motel 6 and Studio 6 franchise network. Our members have always valued the strong partnerships we’ve developed with G6, and we expect this new chapter with OYO to strengthen those ties. Together, we can continue to innovate and deliver high-quality experiences for guests,” said Chairman Miraj S. Patel.

“We are excited about what the future holds. OYO’s acquisition of G6 brings a unique combination of global expertise and local market understanding that we believe will benefit both our members and the broader hospitality community. At AAHOA, we remain committed to supporting our members through these industry shifts, ensuring they are equipped to thrive in an evolving marketplace,” said President & CEO Laura Lee Blake.

TAGGED:Asian American Hotel Owners AssociationG6 HospitalityOYO

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