Following the announcement that OYO will be acquiring G6 Hospitality, which includes Motel 6 and Studio 6 brands, AAHOA released a statement that it welcomes the deal.
With an estimated 98% of G6 Hospitality properties owned by AAHOA members, the deal “marks a promising opportunity for continued growth, collaboration and innovation in the budget hotel sector,” the organization reports. OYO’s acquisition of the Motel 6 and Studio 6 brands from Blackstone for $525 million positions the India-based hotel company for significant expansion in the U.S. market.
“AAHOA looks forward to building a robust relationship with OYO, ensuring the continued success of the Motel 6 and Studio 6 franchise network,” said Miraj S. Patel, chairman, AAHOA. “Our members have always valued the strong partnerships we’ve developed with G6, and we expect this new chapter with OYO to strengthen those ties. Together, we can continue to innovate and deliver high-quality experiences for guests.”
OYO’s acquisition presents new opportunities for shared success, given its plans to maintain Motel 6/Studio 6 operations while infusing fresh ideas.
“We are excited about what the future holds,” said Laura Lee Blake, president/CEO, AAHOA. “OYO’s acquisition of G6 brings a unique combination of global expertise and local market understanding that we believe will benefit both our members and the broader hospitality community. At AAHOA, we remain committed to supporting our members through these industry shifts, ensuring they are equipped to thrive in an evolving marketplace.”
