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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Discovering Games at the Most Unexpected Places
My journey to understand more about games has taken me to the strangest places, among them Jawaharlal Nehru University (JNU) in Delhi.
Margazhi moves on timeless tunes
SIXTY-odd pairs of eyes faced the stage at Bharatiya Vidya Bhavan on Friday, waiting for the curtain to rise. A kid wearing an orange kurta and white pyjama excitedly told his friend, \"I am excited for my mother's performance.\"
BRIDGING CULTURES, BREAKING BOUNDARIES
WHAT does it take to carry centuries-old tradition in a different world? For Bharatanatyam dancer and artist Anugraha Sridhar, the answer is in blending cultural authenticity with contemporary relevance.
Indian boxing in the mud, ex-pros seek system overhaul
NO sport had seen such a slump like boxing last year.
Vaishali clinches bronze in World Blitz
INDIA'S R Vaishali clinched a bronze in the women's section of the World Blitz Championship, capping another strong performance by the country's chess players after stalwart Koneru Humpy's title-winning show in the rapid event here.
New Year celebrations in Sydney surreal experience
\"NEW years are overrated... Fireworks are such a cliche.\" But not here.
OMCs slash price of ATF, commercial LPG cylinder
STATE-owned oil marketing companies (OMCs) have reduced price of aviation turbine fuel (ATF) by 1.5% and also lowered the cost of commercial LPG used in hotels and restaurants by â¹14.5 per 19-kg cylinder.
Car sales slow to multi-yr low in CY24
Passenger vehicle sales grew by just about 4.5% to slightly over 4.3 million units in CY2024
Air India rolls out in-flight Wi-Fi connectivity
AIR INDIA has rolled out Wi-Fi internet connectivity services on board domestic and international flights operated by Airbus A350, Boeing 787-9 and select Airbus A321neo aircraft.
Telecom ARPU rises 15.31% in Jun-Sept quarter, Airtel leads with â¹233 per user
AVERAGE revenue per user (ARPU) of telecom service providers has seen substantial increase of 15.31% year-on-year in June-September quarter of the financial year 2024-25.
