India's Oyo acquires Motel 6
OYO parent Oravel Stays to acquire Motel 6, Studio 6 from Blackstone paying $525 million in an all-cash deal
Oravel Stays, parent of OYO, will acquire G6 Hospitality, operator of Motel 6 and Studio 6, with the deal closing in Q4 2024. OYO aims to enhance these brands using its technology and distribution network,
OYO's $525 Million Move: Acquires G6 Hospitality’s Motel 6 And Studio 6 Brands In All-Cash Deal, Expands US Footprint
IPO-bound travel tech platform OYO on Saturday announced it has agreed to acquire iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for USD 525 million in an all-cash transaction, as the Indian unicorn eyes ...
OYO Acquires Iconic Motel 6 and Studio 6 Brands in $525 Million Deal
IPO-bound travel tech platform OYO has announced its acquisition of the American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for USD 525 million in an all-cash deal. The transaction,
Oyo acquires US hotel chain Motel 6 and Studio 6 from Blackstone Real Estate for $525 million
The transaction will see Oravel Stays acquiring OG6 Hospitality, the economy lodging franchisor and parent company of Motel 6 and Studio 6 brands
OYO to acquire iconic Motel 6 brand in USD 525 million all-cash deal
IPO-bound travel tech platform OYO on Saturday announced it has agreed to acquire iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for USD 525 million in an all-cash transaction,
OYO Acquires Motel 6 for $525 Million: Expansion in US
OYO, an Indian travel tech platform, has acquired the iconic Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million, marking its expansion in the US market.
India’s Oyo acquires Motel 6 for $525M
One of India’s largest startups, budget hotel company Oyo, has reached a deal to acquire G6 Hospitality, which operates Motel 6. Oyo says it will pay
OYO to acquire G6 Hospitality from Blackstone for $525 million
OYO to acquire G6 Hospitality, parent company of Motel 6, for $525 million in all-cash deal, expanding US footprint.
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SoftBank-Backed OYO Withdraws IPO Documents
As per the SEBI document, the company has officially withdrawn its IPO papers on May 17, 2024. The fresh development has come on the heels of OYO intending to raise $450 Mn through the sale of ...
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OYO turns profitable in FY24, Cuts Costs
According to INC42, hospitality unicorn OYO, preparing for its IPO, achieved profitability in FY24 with a net profit of INR ...
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Swiggy IPO: Madhuri Dixit Enters The Game With Rs 1.5 Crore Stake
Dixit, along with Ritesh Malik, founder of co-working space Innov8 (now owned by Oyo), jointly invested Rs 3 crore in Swiggy, ...
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OYO Turns Profitable in FY24 with Net Profit of INR 229.5 Cr, Cuts Employee Costs to Control Expenses
According to INC42 ,IPO-bound hospitality unicorn OYO achieved profitability in the financial year 2023-24 (FY24), posting a ...