Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.

The New York Times - Business:

A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal.

Author: John Koblin

This post first appeared in The New York Times - Business. Read the original article.