The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
G6 Hospitality is a leading economy lodging franchisor and parent company of the well-known Motel 6 and Studio 6 brands. Motel 6's franchise network produces gross room revenues of $1.7 billion, which generates a strong fee base and cash flow for G6.
Oyo said it has steadily expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 35 states. In 2023, OYO added nearly 100 hotels to its US portfolio and aims to add 250 hotels in 2024.
Esta historia es de la edición September 22, 2024 de The New Indian Express.
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Esta historia es de la edición September 22, 2024 de The New Indian Express.
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Olympiad: Gukesh & Erigaisi put Open team on the verge, women follow
LATE on Saturday, as dusk fell over Budapest, India’s supremely talented teenagers made the kind of statement the chess world had predicted over the last few years.
Gill-bill: Ton of reward
On Friday evening, when Shubman Gill took guard in the second innings against Bangladesh, something seemed different.
Pant-astic return to Test cricket
A SUBLIME century by Shubman Gill (119 not out) and a hard-hitting 109 by Rishabh Pant helped India set a mammoth target of 515 runs for Bangladesh on the third day of the opening Test at Chepauk here on Saturday.
Duleep Trophy: Parag, Rawat power India A
RICKY Bhui was 10 runs short of his second successive hundred as India D's overall lead swelled to 311 against India B when stumps were drawn on the third day of the Duleep Trophy encounter.
WHAT MAKES IBC PREFERRED OPTION OVER RERA FOR HOMEBUYERS
EVEN as RER A lacks on several counts such as no uniformity and weak enforcement mechanisms, it still plays an important role in the regulatory framework.
Banks asked to have clear policy for debt recovery
FINANCE ministry has asked banks to have a clearly defined policy for small and high-value cases pending in Debt Resolution Tribunals (DRTs) for 'optimising' recovery.
NCLAT rejects tax claim against Reliance Comm
THE NCLAT has set aside a petition filed by the tax department claiming dues from Reliance Communications (RCom).
Oyo to acquire G6 Hospitality from Blackstone for $525 mn
Stays, the parent company of the global travel technology company OYO, said on Saturday that it is acquiring US-based G6 Hospitality from Blackstone Real Estate for $525 million, in an all-cash transaction.
iPhone pro model sees 25% jump in 1st-day sale
The pro-models of iPhone 16 series performed well in India, with some sellers reporting 25% higher opening-day sales as compared to the 15 Series opening-day sales last year.
22 killed in Israeli strike, says Gaza health ministry
AL-BALAH AN Israeli strike on a school in northern Gaza on Saturday killed at least 22 people, according to the Gaza Health Ministry, while the Israeli army said it targeted a Hamas' command centre in what used to be a school.
