YOUR BUSINESS AUTHORITY
Springfield, MO
Indian hotel company Oyo is buying Motel 6.
Blackstone agreed to sell the Motel 6 and Studio 6 brands to Oyo for $525 million.
The all-cash deal is expected to be completed by year's end.
Read more from NPR.
Seventeen companies report more than 1.4 million square feet of new builds and renovations.