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.
Denne historien er fra September 22, 2024-utgaven av The New Indian Express.
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Denne historien er fra September 22, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
800-kg dugong trapped in seine net released back into sea off Thanjai
A dugong, an endangered marine mammal, caught in a seine net in the early hours of Sunday near Adirampattinam was rescued and released back into the sea by fishermen.
LOO TALES OF A CITY
Walkers throng renovated Chitlapakkam Lake, but new washroom out of bounds
IN JAFFNA RALLY, LANKAN PREZ FIRM ON STOPPING TN FISHERS
SRI LANKAN President Anura Kumara Dissanayake, who addressed his first public meeting in Jaffna since coming to office in September, on Sunday took a firm stance against Indians \"illegally\" fishing in Sri Lankan waters.
Ridley Scott, Paul Mescal to reunite for The Dog Stars
After working together on Gladiator 2, filmmaker Ridley Scott and actor Paul Mescal are set to reteam for an upcoming thriller titled The Dog Stars.
Mysskin, Gautham Vasudev Menon, KS Ravikumar join DRAGON
N Saturday, AGS Entertainment, the producer of Dragon, starring Pradeep Ranganathan in the lead role, revealed a slew of casting announcements for the film.
Anne Hathaway and Zendaya onboard Christopher Nolan's next
ACTORS Anne Hathaway and Zendaya have been cast in Christopher Nolan's upcoming film, which also stars Matt Damon and Tom Holland in lead roles.
PRESERVING TAMIL THEATRE
The founder of Devriksha School of Acting talks about the fundamentals of learning the art of acting, the need for preserving the individuality of each artiste, the various genres in plays, and the deep-rootedness of theatre in rural side of the state, highlighting the learnings from the legends
An ancient Siva temple in Madhurantakam
ADHURANTAKAM is well known for its Kodandarama temple, famously known as the Eri Katha Rama temple. Few know that there is a Siva temple closeby which is also ancient and referred to in Chola inscriptions as Arulakara Isvaram, although the deity is now known as the Arulalishwarar.
Living the single life!
On Singles' Day, Chennaiites list down the perks of being by themselves while asking the question: Who needs a plus one when you can be the star?
TREES, TREATS AND CHEERS
Entering Grand Chennai by GRT Hotels for their pre-Christmas celebration was like stepping into a snow-dusted holiday fairytale.
