OYO completes acquisition of G6 Hospitality for $525 million
The Business Guardian|December 24, 2024
OYO has completed its acquisition of Motel 6 and Studio 6 brands, from Blackstone Real Estate for USD 525 million, marking a significant milestone in expanding the company's global footprint, the online hotels and hospitality services provider company said on Monday.
OYO completes acquisition of G6 Hospitality for $525 million

On September 20, OYO agreed to acquire US-based G6 Hospitality, the parent company of the Motel 6 and Studio 6 brands, in an all-cash transaction.

As per a statement from OYO on Monday, the deal is projected to increase OYO's EBITDA to over Rs 2,000 crore in the upcoming financial year - 2025-26. Motel 6 is expected to contribute an EBITDA of over Rs 630 crore in the coming financial year.

هذه القصة مأخوذة من طبعة December 24, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 24, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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