OYO is the best and most popular company in the field of the Hospitality model. Nowadays every place the OYO hotel franchise are available under the best budget. Day by day this company is growing and giving the good satisfaction to the consumer alone.
Recently OYO company announced to acquire iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million in an all-cash transaction, as the Indian unicorn eyes expansion in the U.S. The main purpose of this acquisition is to spend the business international level so that many kinds of the customer can be benefited.
The transaction of this deal will be closed soon fourth quarter of the 2024. OYO will leverage its comprehensive the latest technology suite as well as its global distribution network and marketing expertise to further make the good business model the Motel 6 and Studio 6 brands and drive continued financial growth.
As per the International CEO of OYO has stated that after making this acquisition our business will be expanded globally in smooth level. After doing such types Collaboration the employment as well as global economy will be increased.