🚨 OYO, an India-based hotel operator, is buying US-based famous motel chain Motel 6 for $525 million.

(http://www.autoadmit.com/thread.php?thread_id=5599102&forum_id=2Reputation#48116181)

Very famous, very prestigious Motel 6.

(http://www.autoadmit.com/thread.php?thread_id=5599102&forum_id=2Reputation#48116199)

And they do a decent job. You get a clean room, clean shower, clean towels, and air conditioning that f-in cranks. If you're coming from the street, it feels like you won the mega lotto. If you're in a new area, it's hard to go wrong with the 6

They even did every day housekeeping for years during lockdown aftermath when many other chains offered weekly or none at all (while continuing standard rates). Frankly they are crushing it for awhile and Patel did veddy good on this acqui

(http://www.autoadmit.com/thread.php?thread_id=5599102&forum_id=2Reputation#48116220)

The Gujarati Patel community shares a strong bond, be it with their friends, family members, or anyone within their community. This can be symbolized when Kanjibhai Desai encouraged his community to enter the hospitality business with the quotation: “If you are a Patel, lease a hotel.”

https://startuptalky.com/gujaratis-us-hotels-case-study/

(http://www.autoadmit.com/thread.php?thread_id=5599102&forum_id=2Reputation#48116313)

Blackstone purchased Motel 6 in 2012 for $1.9 billion.

“This transaction is a terrific outcome for investors and is the culmination of an ambitious business plan that more than tripled our investors’ capital and generated over $1 billion in profit over our hold period,” Rob Harper, a senior managing director at Blackstone, said in a statement.

(http://www.autoadmit.com/thread.php?thread_id=5599102&forum_id=2Reputation#48116337)