M&A Deal Summary

OYO Rooms Acquires G6 Hospitality

On September 20, 2024, OYO Rooms acquired leisure company G6 Hospitality from The Blackstone Group for 525M USD

Acquisition Highlights
  • This is OYO Rooms’ 2nd transaction in the Leisure sector.
  • This is OYO Rooms’ largest (disclosed) transaction.
  • This is OYO Rooms’ 1st transaction in the United States.
  • This is OYO Rooms’ 1st transaction in Texas.

M&A Deal Summary
Date 2024-09-20
Target G6 Hospitality
Sector Leisure
Buyer(s) OYO Rooms
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

G6 Hospitality

Carrollton, Texas, United States
G6 Hospitality owns, operates and franchises economy lodging locations under the Motel 6 brand and the Studio 6 Extended Stay brand. G6 Hospitality is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

OYO Rooms

Gurgaon, India
Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

OYO Rooms is an online platform for guests and hosts to meet and arrange for bookings of accommodations. OYO Rooms was formed in 2011 and is based in Gurgaon, India.

DEAL STATS #
Overall 5 of 5
Sector (Leisure) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Weddingz

Mumbai, India

L-Fast Brands Pvt. Ltd. is an online platform that allows users to find wedding venues, photographers, makeup artists, decorators and caterers. L-Fast Brands Pvt. Ltd. was founded in 2015 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 173 of 173
Sector (Leisure) 12 of 12
Type (Add-on Acquisition) 67 of 67
State (Texas) 19 of 19
Country (United States) 105 of 105
Year (2024) 2 of 2
Size (of disclosed) 46 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 AirTrunk

North Sydney, Australia

AirTrunk is an Asia Pacific data center platform operating 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region. AirTrunk is based in North Sydney, Australia.

Buy AU$24.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Smartsheet

Bellevue, Washington, United States

Smartsheet is a SaaS platform for managing and automating collaborative work. The company delivers solutions for tens of thousands of paying customers and millions of information workers across more than 190 countries. Smartsheet was founded in 2005 and is based in Bellevue, Washington.

Buy $8.4B
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