Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its EBITDA to over ₹2,000 crore in FY26, the travel-tech startup said in a statement on Monday.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization, and is a key measure of a company's profitability.
Esta historia es de la edición December 24, 2024 de Mint New Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 24, 2024 de Mint New Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
India's Leadership Has a Valuable Role to Play in a Multipolar World
Its strategic autonomy and multi-alignment place it in a unique position to lead everyone towards globally shared goals
Nike's Turnaround Strategy Will Need the Second Shoe to Drop
Its new CEO has made a beginning, but the real big test lies ahead
Why are product displays on e-commerce sites so drab?
Businesses based on technology shouldn't lose touch with the subtle art of persuasion
Policymaking as usual does not suffice for periods of transition
Economic thinking across the world must look beyond the certainty of numbers in uncertain times
One Nation, One Election: Consultation time has begun
The idea of state and central polls being held in sync has its pros and cons that need careful examination
Truth About AIFs: Debunking Myths, Tapping Potential
AIFs emerge as a promising avenue for asset diversification, as well as for wealth creation
Still a Work in Progress: Tech Letdowns of 2024
We shed light on the hurdles these technologies face, and explore their chances of bouncing back
How to choose a crypto trading platform to invest in digital assets
The comparison covers KYC time, minimum investments, safety guidelines, process, user growth and volumes
Hisense in talks with EDPL for stake
Hisense group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer.
Arunish Chawla named revenue sec
Senior bureaucrat Arunish Chawla has been appointed the revenue secretary as part of a top-level bureaucratic reshuffle effected by the Centre on Wednesday.
