Motel 6 sold to India hotel operator Oyo for $525 million

CNBC ^ | September 21, 2024 | Apuvarnashi Saikumarnathinglimpuran

[nwrep]

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 company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth $525 million.

Oyo, which launched in India just over a decade ago, has been expanding its footprint in the U.S. over the past few years. The company says it currently operates 320 hotels across 35 states and is aiming to add 250 more this year.

[nwrep]

Motel 6s seem to be rife with drug dealing and prostitution, based on crime reports in the news. But another American icon has fallen.

[imabadboy99]

oh yay, the Indian takeover of America continues

[9YearLurker]

Hotels and motels have been very good for Indian immigrants.

[dfwgator]

The invasion nobody talks about.

[Ann Archy]

I am proud to say that as many days that my parents and then my husband, that i have NEVER HAD A LIGHT KEPT ON FOR ME AT MOTEL 6!

[dfwgator]

Hotels and motels have been very good for Indian immigrants.

[escapefromboston]

They will save money by removing the toilets

[dfwgator]

They will save money by removing the toilets

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Well that will make the Indians feel right at home.

[A_Former_Democrat]

Indians in the cheap motel business?

Say it isn’t so

[nwrep]

What else do you expect from Patels?

[Regulator]

So now Motel 6 is just another Patel Motel and all the palefaces will be fired and replaced with Gujarati ‘immigrants’.

[N. Theknow]

Motel Sikhs

[9YearLurker]

They’ve also done well with Baltic and Mediterranean Avenues.

[Zack Attack]

IIRC, we had our HS graduation parties at a Motel 6 40+ years ago

[A_Former_Democrat]

Grocery stores?

[nwrep]

Seems like a punishment more than a celebration.

[nwrep]

LOL. You must be from New Jersey.

[MinorityRepublican]

I thought it was Indian owned 20 years ago.

[PGR88]

And they will have 100% occupancy with every.single.room. rented to illegal migrants with Fed.gov and their funded leftist NGOs paying well above market-rates.

What a great business model

That’s how it is in our area. An Indian family owns 20 or so low-end motels, and they are filled up illegals.

[aquila48]

Biden...

““You cannot go to a 7-Eleven or a Dunkin’ Donuts (or motel 6) unless you have a slight Indian accent.””