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.
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DEEP IMPACT IN RAINY AFFAIR
Pacer's twin strikes reduces B'desh to 107/3 in 35 overs before play was called off due to incessant rain on Day 1 A COUPLE of days before the second Test between India and Bangladesh here at the Green Park Stadium, Akash Deep, India's latest addition to its evergrowing pace battery, spoke about skipper Rohit Sharma explaining how supportive the latter has been to the bowler.
Resting and a bit of training: Gukesh's plan ahead of Ding clash
EVER since India won twin golds (Open and women's teams) at the 45th Chess Olympiad in Budapest, the players of both sides have been basking in the richlydeserved adulation.
Oz all-rounder Green doubtful for India Tests
AUSTRALIAN all-rounder Cameron Green's participation in the upcoming marquee five-match Test series against fierce rivals India was on Friday thrown into doubt after a back injury ruled him out of the ongoing tour of England.
B'desh superfan alleges thrashing, does U-turn later
A BANGLADESH superfan, Tiger Robi, who usually accompanies the team on its away tours, was allegedly beaten up on Day 1 of the second Test between India and Bangladesh here at the Green Park Stadium, Kanpur on Friday.
ISL: Herrara hat-trick hands FC Goa first win of season
FC GOA secured their first win of their Indian Super League (ISL) 2024-25 campaign as they edged past East Bengal 3-2 at the Salt Lake Stadium in Kolkata tonight.
India not to buy LNG from Russia Arctic 2 project: Secretary
INDIA has decided not to purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which is under Western sanctions, said petroleum and natural gas Secretary Pankaj Jain on Friday.
Forex reserves near $700 bn, add $101.5 bn YTD
CONTINUING the gains for the sixth consecutive week, forex reserves have rallied to hit new high of $692.3 billion for the week to September 20, adding $2.84 billion in the reporting week, taking the total in the past six weeks to $22.14 billion and a $101.56 billion year-on-year.
Gold rises 29% so far this yr, may soar to â¹8,000/g by December
BULLION price continued to sizzle for the third day on the back of global rally that began since the Ukraine war and has gained an unprecedented speed since the US Federal Reserves cut the interest by 50 bps-first time in four years.
FPI inflows surge to â¹57K cr in Sept, half of CY24's total
BUOYED by the expectation and clarity of US Federal Reserves' rate cut decision, foreign portfolio investors (FPI) bought shares (net purchase) of â¹57,359 crore so far in September.
âIndia to set up tel gear mfg zones'
Scindia says country wants to become the global telecommunication manufacturing hub