OYO, the global travel technology leader, is acquiring G6 Hospitality, the parent company of Motel 6 and Studio 6, for $525 million. This acquisition will significantly enhance OYO’s presence in the U.S. lodging market, leveraging Motel 6’s strong franchise network and providing OYO with a platform to implement its technology and marketing expertise.
Results for: Hotel acquisition
Lang & Schwander, a renowned hotel interior design firm, has expanded its portfolio with the acquisition of the historic Hotel Engadinerhof in Pontresina, Switzerland. The move marks a strategic investment in the hospitality industry for the company, as they plan to renovate the hotel and enhance its appeal to guests.