Studio 6 to get 38 new hotels

GURGAON, India – Prism-based Sunday PropTech has secured $286 million in financing so it can work with joint venture partner G6 Hospitality to convert a 38-hotel portfolio (>4,000 rooms) to the Studio 6 extended-stay hotels, according to the Commercial Observer.

Citigroup provided $242 million of acquisition debt, inclusive of eight hotels acquired for $31 million in November 2025 from Blackstone and Starwood, while Access Point Financial kicked in $44 million in mezzanine debt into the deal. Sunday PropTech closed on 30 more Extended Stay America Select Suites this month to finalize the 38-hotel deal with a total capitalization of $375 million.

The hotels are concentrated in Florida, Alabama and the Carolinas, and includes properties in New York, Ohio, California and Washington state.

Michelle O’Brien, managing director of structured finance at Access Point, told the Commercial Observer in a statement that this deal will combine “operational improvements and technology to unlock significant value” for the Studio 6 brand.

Sunday PropTech Ltd. (which has also been known as Oyo Assets) is headquartered in Gurgaon, India, and is an asset-heavy arm of Prism Group, which owns the Oyo brand and G6 Hospitality. Founded in 2018, the company acquires, owns, and manages premium and mid-premium hotel and commercial assets under the Sunday Hotels, Palette Hotels and Townhouse brands.