OYO bought Motel 6 brand for $525 million
Motel 6, with about 1,500 locations in the U.S. and Canada, takes its name from its original nightly rate of six dollars. Photo: Brian Snyder/Reuters Motel 6, one of America’s most recognizable lodging brands, has a new owner after an India-based hotel giant has agreed to buy it for $525 million. Oyo, the new owner, said on…