India's OYO acquires US motel chain G6 Hospitality for $525m

India's OYO acquires US motel chain G6 Hospitality for $525m

Visual from OYO website

Oravel Stays, the parent company of Indian budget hotel chain OYO, has agreed to acquire American lodging franchisor G6 Hospitality for about $525 million, according to an announcement.

Edited by: Padma Priya

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