Blackstone, the parent company of Motel 6, has announced the sale of the budget motel chain to Oyo, a hotel operator from India, in an all-cash transaction worth $525 million. The deal, which includes the Studio 6 brand, is expected to close by the end of the year, allowing Oyo to expand its presence in the U.S. after operating 320 hotels across 35 states. Blackstone had purchased Motel 6 in 2012 for $1.9 billion and has since heavily invested in the brand, turning it into a successful franchise.
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Social Security Claiming Strategies: Understanding the Drawbacks of Claiming Early
If you qualify for Social Security retirement benefits, you can start receiving payments at age 62, but doing so before your full retirement age will result in a reduced benefit. It's crucial to weigh the financial impacts of claiming early, even though there may be valid reasons for doing so. Explain It To Me Like I'm 5: If you get money from Social Security when you're older, you can start getting it at 62, but...
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