In a significant development within the hospitality industry, Indian hotel giant Oyo has finalized the purchase of the iconic U.S. budget hotel chain Motel 6 for $525 million. The deal, which was facilitated by Blackstone Real Estate, includes the acquisition of G6 Hospitality, the parent company of Motel 6, which operates 1,500 motels across the United States. This acquisition marks a strategic move for Oyo as it seeks to strengthen its presence in the U.S. market, expanding its economy lodging portfolio through this all-cash transaction.